Price action remains negative Equities/Dollar positive with one hope rally last night going into London’s opening in the Euro and U.S. Indices which faded.

Deutsche Bank is at new all time lows. It would take a close today over 14.13 to recover.
RBS isn’t faring much better.

So far the Dollar rally has been relegated to the buying of U.S. Treasuries.

I’d expect to see this continue with some monies looking for a home in domestic U.S.
centric equity names.

Something to ponder…

​Chicago issued 39 new crane construction permits this past month. FYI That’s a lot.
We’ll have to see if this marks a top in construction or is a sign of an underlying healthy
economy in the U.S.