Capital markets are beginning to thin out more so than normal. The is emphasizing that the holiday season is here and trader empathy is abundant. With both the FED and ECB all talk so far, few traders want to do anything of substance, with many preferring to go with the flow and wait until next months FOMC meet and the German court ruling for direction conviction. Central Banks hold all the cards and the deck is stacked in their favor. Currently, rhetoric bullying rather than action is their weapon of choice. Last nights highly anticipated data from China should bring the PBoC on board the monetary easing train. ... (full story)