The world did not respond well to weak China PMI #’s and the European angst last night.
Last night’s lows in the Spu’s and Mini Dow tested momentum support.
Those lows ( 2452.25 & 22,786) will have to be closed below for more risk off.
Aussie...70 will be a closing hurdle.
Since I began writing there has been a slight bid to the Indices as investors are
squaring positions ahead of expected first of qtr buying of Equities.
Bonds were bought on both sides of the pond.
The long end of the curve saw the activity.
The dollar is firm. I want to see if this translates into Equity buyers or more fixed income when NYC comes in.