The market is very thin globally with very little conviction...

The market is very thin globally with very little conviction pretty anywhere from my viewpoint and FDM is not at all insulated from this and its raw product and purpose in life IMO makes it very susceptible to global themes. 

Right now globally there are many issues at play, many unanswered questions, major political instability and/or uncertainty, and very little consensus of future direction across the board. All this leads to a market that is half pregnant currently and with the festive season on the doorstep - many are hoping that the market will do its usual coat tailing into xmas, and then we'll see what the situation looks like in the new year. I am not so certain that optomistic viewpoint with hold this calendar year as we have evidenced extreme saw-toothing of volatility and the VIX has seen some enormous volatility over the recent period which is always a good barometer as to general sentiment on a macro level.