Market Review Yesterday’s session saw some dramatic movement particularly in the equity and commodity space. The S&P posted its third largest down day of eth year shedding over 1% as worse than excepted data finally generated a meaningful period of profit taking with the index flirting with its all time highs in recent sessions. The ADP Employment data as well as the ISM Non-Manufacturing data both came in below analyst expectations and adding in the bearish DoE crude inventory data made
More here:
The risk-off move helped T-Notes to break up through last week’s high