Thursday, March 11, 2010
U.S. equity markets are expected to open weaker this morning but off their lows. Last night’s news that China’s inflation was higher than expected, fueled speculation of a rate hike

which helped drive down demand for higher yielding assets. The lack of follow-though to the downside has triggered a short-covering rally which is helping to boost equity prices from their overnight

lows. Yesterday the March E-mini S&P 500 stopped at its January high of 1148.00, triggering a profit-taking break.