Stronger Dollar Scenario Unfolds

We are going to stick with our view that a stronger dollar, weaker commodity phase started last week.  With the emphasis by hedge fund managers on the other side of this trade we could see some interesting developments this week.

In the meantime the S&P 500 should try to find some support in the 910 area although a bigger drop should be in the cards soon.  T-bonds have declined to an area where we may be buyers today.  We will keep you posted.

The EMA ETF Fund Nav remained at 1130 on Friday’s close.

7:53 AM CDT

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