It looks like our predictions were correct – rate speculators did removed themselves from the market. According to the stock futures only 5% (comparing to over 50% last month) of investors bet on the fact that Feds will raise rates by the end of the year.

Another very good news that institutional investors started to move their funds from money-market accounts into stock markets. In the last 30 days almost 3 billions of dollars were moved from money markets into stocks and bonds.