Today we will watch the ISM New York (will they get that seasonal adjustment right?), factory orders (old number) and auto sales for May (were GM’s sales affected by all the recall news?). The U.S. dollar could be the biggest beneficiary of the ECB’s actions on Thursday as the Euro is expected to act negatively on aggressive central bank initiatives. Futures are down modestly and the wait for the ECB and the jobs numbers begins.
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