ECB poised to shore up eurozone economy

(click here if video is not observable)

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S&P500 Heat Map – May 7

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U.S. Sector ETF Performance – May 7

ETF_DayETF_WeekETF_YTD(click here if charts are not observable)

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Daily Risk Monitor – May 7

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RiskMon1RiskMon2RiskMon3(click here if table is not observable)

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Russell 2K Below 200-day Moving Average

Today the Russell 2000 closed below its simple 200-day moving average for the first time since November 2012.   Take note.

May6_Russell(click here if chart is not observable)

 

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U.S. Sector ETF Performance – May 6

ETF_DayETF_YTD(click here if charts are not observable)

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Daily Risk Monitor – May 6

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RiskMon1RiskMon2RiskMon3(click here if table is not observable)

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Dollar Testing Key Support

You would think the dollar would be stronger if the U.S. economy is starting to gain some traction, no?  Then again,  this from Paul Tudor Jones,

Friday last week was one of the greatest days that Paul Tudor Jones can remember in macro trading as economic data (jobs numbers) were very strong , yet bonds closed up. He asks how can anyone possibly think/predict that bonds would close up on that day? This just goes to show that what’s obvious in macro is usually wrong.

May6_Dollar

(click here if chart is not observable)

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Quote of the Day: Smelly Mackerel

Macro trading is about as difficult as I’ve ever seen it in my career.
Paul Tudor Jones, quoting the late Jimmy Hendrix.

“What is the cause? Paul Tudor Jones says that central banks are the cause for this manic depression in markets.”

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S&P500 Heat Map – May 5

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