DJIA 11,257.55 -236.17
NASDAQ 2,460.08 -61.20
SP500 1,161.79 -26.25
The morning Germany's $5 billion debt issuance was under-subscribed (failed). Germany is the strong country in the Euro, so this means every other Euro country is weaker and will have greater difficulty selling debt.
European countries will likely begin issuing "euro dollar bonds" to achieve lower interest rates. This is issuing bonds that are payable in US Dollars.
Dollar higher. Going for 1.40 higher. This will put additional pressure on stocks and commodities.
Money continues to flow into US treasuries.
GLD 164.83 -0.48
SLV 30.93 -0.96
PTM 17.88 -0.25
XLE 64.29 -2.01
XLF 11.75 -0.33
VXX 48.60 +2.18
AGQ 56.80 -3.71 (-6.13%). Out for an appointment and trailing stop closed intraday long position at 57.48 for .16 per share gain.
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