No real surprise though, we’ve seen strong holiday Monday’s turned to crap by the market open on Tuesday for the last 25 years.
There’s some early hopium in the shares, they look better right now than they probably should, but the sell button will likely be hit on them as soon as the SM opens.
Oil still down $3.50, rates still down 5 bips, SM still up nicely. Dollar flat. A little surprising given the resumption of attacks yesterday. Maybe the markets know something we don’t.
Oh well. It will all be over soon enough.
