Stocks falling and crude is surging.
As of this post the NASDAQ has given back ALL of yesterdays gains and the other indices are seeing selling pressure.
The relative dollar strength is markedly stronger, and the 10yr yield is over 3%- not a typical FEAR trade unless, as I said recently, the 10yr settles around 3.25 which I believe is likely. I am trying to gauge debt market action.
Today the economic news was literally horrible, with 1st quarter productivity at a 75yr low.
SP500 4150 is again a key level.
Lets see how this plays out.
GM
blood in the streets.... and im sitting here watching my oil stocks go up up up
The fourth was with us yesterday but today we will need a fifth to make it through!