Bond yields are leaking higher, The USDollar is flat (but noisy), but with no macro data to spark a momo run, US equities have tumbled out of the gate... especially Dow Transports. Dow & S&P are back to unchanged on the week...
[4]
BTFD? Well we are sure the FOMC Minutes wil lbe spun dovishly.
Trannies are in trouble again - Down 6% YTD... worst start to a year since 2009 (Dow Up 2.8%)
[5]
Charts: Bloomberg
