Da Bears are everywhere!
--Initial jobless claims - 36 million and counting
--Retail Sales-16.4%, total spending down 89.3% YoY
--BBY, JWN, BBBY, COST, WMT, KR
--GDP could decline by 42% in the second quarter, according to the Atlanta Fed
Monsters of Tech
5.8*FB+6.4*AAPL+12.7*MSFT+GOOGL+AMZN
--tech weak and threating to break apart
--sector rotations are reversing
--RUT, XLE, XLF, and Tech
--if tech goes, we all go...
The range is still with us...
--the volatility box
--the longer we are in the range the more violent break
--Bonds
--Gold
--Index/Equities
--Dollar
Bonds showing signs of life
SPX Expected Move
--last week-- 79.60 (expected)
--next week--
--11 out of the last 18 weeks have seen moves OUTSIDE the EM