A fall in US retail sales have added top the downside on equities this afternoon. As catalysts for this market rally continue to fade, government bonds have come back in favour, with the bund now back above 121.
We down 115 points in the Dow as a write, which is a 4% pullback from the recent high.
Thoughts and commentary on daily market action, plus my trade log in equities and futures.
Wednesday, 13 May 2009
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