It's clear that the dollar will remain strong just long enough to bring down every other asset class - per the wishes of the Fed, and everyone else who believes in fake reflation. Which is statistically everyone. I showed Oil and EM stocks earlier. Long bonds finally succumbed to the fake reflation theme by selling off today, keeping USDJPY bid. For now...
The S&P closed right at yesterday's gap. Island reversal of fortune? Suffice to say, based upon the number of open gaps, it's a tad overdue:
Regional banks gave up almost all of yesterday's gain:
Which is finally giving the weekly chart that 2008 shooting star look...
Schwab has the right look too...
With the IPO Mutual fund
Joining Ameritrade
CoalPlosion well underway
I thought this was interesting
S&P rate of change has already rolled over...
Small caps and junk stocks getting the worst of it...
Carl Icahn's hedge fund continues to implode
As hedge funds overall continue to underperform the S&P
