Markets Are Going Nowhere

Highway Night

Photo: Flickr/mudpig

The action is very quiet in markets in what may be a calm before the storm.After early rallying, markets are going nowhere.

Italian stocks are basically flat.

Spain is up modestly. Same with Germany.

US futures are up a touch.

Right now, the world just waits for what’s coming tomorrow and Thursday: Actions from the Fed and the European central bank (plus a boatload of economic data).

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