The Consumer Confidence numbers this morning were aweful at 90.9 where 100 was the consensus. Furthermore, the last report was revised down to 99.8.

This appears to have led to speculation that the ongoing July Fed Meeting, and their decisions about a September rate hike, will be impacted. In short order, the $ES_F made a mid morning transition to an up auction and is still climbing as of this writing.

$ES_F midday rally