– Danny Riley, Mr Top Step – The president’s speech was not received very well on the floor of the CME. The SPZ / ESZ opened down 13.50 handles, sold off to down 17 handles and bounced at the wholesale trade numbers were released. Riley also points out that all the Italian banks are “limit down” and talks about how her think there will be more big up and down in SEPT and that he is looking for the markets to rally mid OCT into the end of the year. It’s the roll over in the S&Ps …http://twitter.com/mrtopstep
**Filmed on the trading floor at the CME Group. Produced by MrTopStep.