In spite of the fact that the ES has vaulted to a double digit gain this morning…..

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That’s it, ladies and gentlemen (oh, I mean, “friends” and “dreamers of all ages“). The first quarter is complete. Here are some major ETFs displayed as quarterly bars, with a few remarks in the caption area.

Good morning, everyone. Well, this quarter is ending not with a bang but a whimper. The S&P futures are up a few hundreds of a single percentage point, and the Russell small cap futures are down by the same amount. A whole lot of nothing. The /ES has been in a very slow drift lower since yesterday’s peak.

Evidently, Russia’s olive branch extended yesterday (green arrow) was saturated with kerosene and set ablaze (red arrow), so we’re still all mired in the fog of war. Ridiculous.
