(As of 6:56 am pacific)
'Risk off' today. Most assets are on the downside. Oil, gold and most commodities are down as
the US dollar is surging against most currencies. Global growth concerns and restive news out
of Europe are raising investor concerns so there is a strong move into US
Treasuries. Interest rates are down
slightly. There are no significant
economic reports out today so expect this negative trend to continue as the day
wears on. Watch out for
complacency. It is possible that this
negative opening might snowball into a significantly down day, something we
haven't seen in awhile. Volatility is
on the rise.
