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Monday Perspective – The Trifecta Sell-off

It was a Monday Trifecta with  Bonds, the US Dollar, and Stocks selling off to start the week.  The market has endured countless headwinds since the market bottomed in March 2009, could a Triple Crown winner be what pushes stocks lower into the summer?  Apparently horse racing and stocks go hand in hand.

If a Bankrupt Greece, war in Ukraine, crashing crude oil prices, a government shutdown,  US Debt rating downgrade, Cyprus, Sequester, deflation, massive Global debt.... isn't going to crash stocks  a horse winning the three biggest races of the year will.  The market has bull and bears.. .but it will be one horse to take it all down.   Cue the Mr. Ed Laugh.

Stocks closed right near their lows today as the market started off the week with a rather ominous performance.  Bonds were stronger to start the day,  but melted lower along with stocks at the closing bell.  The U.S. dollar index has pulled back sharply from the initial jobs report highs of last week.

S&P500 futures came right to support from November 2014 and the $SPY crept into over sold territory.

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