Market disharmony and disconnect set to continue
With the US now back open for business, and the NFP data duly released, markets can at least return to normal following round 2 of the fiscal cliff soap opera. But what is normal? Can anyone truly believe these statistics, and with equity markets surging higher, the disconnect between economic reality and risk assets seems set to continue. For the trader, it's simply a case of watching the right charts such as the VIX and trading with a leading indicator, such as volume.