The weak performance of the shares yesterday was screaming that we would. Dollar is flat, but the 10 yr. is up a couple bips and oil is up $.60. The sun also rose this am, so that’s enough for pm’s to get trashed.
I suppose there’s an outside chance that the PPI inflation could be soft and we get a repeat of yesterday, but not something I’d plan on.
We are now in the 6th month of this correction.
