yes, the FED buys the futures on Sunday night to prop the market up.

    FED/PPT Buying Futures

    Posted by sethbru on 22nd of Jan 2010 at 12:46 pm

    Given the sudden change in attitude of the Obama economic team, the possibilty that the trading arms of the PPT (GS & MS) might be pissed at this change and stop helping, the apparent rise in importance of Volcker vs Geithner, and the increasing opposition to confirming Bernanke:

    Do you expect this alleged Fed/PPT buying of futures and market propping will continue?

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