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Overall a quiet day. A selloff, but nothing particularly dramatic. We came back and couldnt hold it. He apologize. One stock i was paying close attention to was nike. If you look at it versus moving averages, it has fallen below all three of these. I havent seen any news trigger out of this. But it was a really interesting reversal. This is one of the most loved starbucks since 2009, and it seems to be tiring out a little bit. Matt miller says it is not in serious trouble, but watch that 55 level to see how much more exhausted it could be. Speaking of the overall quiet market, lets take a look at yields. Twoyear band yield ticking up just a little bit today. 10year yields unchanged. Just like the stock market overall. Not much doing. And the dollar has changed as well. The yen climbed to an 18month high. More evidence that the bank of japans negative sfwrate policy has had the opposite effect than intended. The big mover here is the brazilian rail, 1. 8 against the dollar, drop in the ....
The service portion of the on the with the release supply management. All three major averages turning lower today. At the imap. We have the industrials in bottom place today. Industrials, material discretionary. Counterbalanced to some degree by gains in health care shares. We are also watching treasuries today because we talk a lot about the volatility drop off we have seen within the stock market. Its happening some to some degree in the treasury market. 1. 78 in the tenure today. We see a convergence of centralbank policy around the globe so the move index that tracks volatility within treasuries, we have seen that fall as well. Those two things happening. Also wanted point out the movement in the u. S. Dollar. The euro is up versus the dollar for the sixth session in a row. You can see the gains it again today even though they are relatively modest. The dollar is down. What about for Commodity Prices . Julie its not helping ....