Tuesday Preview

I should be on Squawk Box at 5:35ct, but you never know with live TV.

The Sp had its tightest range in 6 months and lowest volume of the year. The Hooper objectives for SP and NAZ futures were hit early on. The new pattern should be 1 day and complete. The Yen future broke hard after 3et and was in the "flash crashy" condition. The bond market had a sneaky bid again today even though the Feb refunding is getting under way. The curve has neither steepened on declines nor flattened on pops as of late. The cover to bid for the Fed was light. Once the 3 year is done, we should get a better feel for take.

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