Down hard . . . on strong dollar narrative. Wait, wasn't it supposed to be bullish?
News Speaking of real estate yesterday, great timing -- there is a new joint report between Wealth-X and Sotheby's on Ultra High Net Worth individuals and where they live (and presumably where they purchase ultra high-priced homes). Loved their typical, extrapolative summation:
"The future of luxury residential real estate looks highly promising and positive . . . luxury residential real estate is set to see more and more growth in demand."
USD confounding those that proclaimed it over and done just days ago. Anything over 99.46 and they will have even bigger problems.
Continuing to point higher and correct with lighter volume than up vol.
Crude is trading heavy as it gets closer to 47. NG nearing a buy area should a new low occur.
Gold still below 1200. Heavy.
Not surprised to see a pullback overnight. Yesterday's rally was great. 2090 nearly tagged as mentioned, but the volume thing is happening again. As in None.
2067.15 looks like it should not be messed with or else a more bearish near-term pattern could be developing to take the S&P below 2039.69.