Stock futures are falling and have erased all of yesterdays rally. The US Dollar Index is at its strongest level in over 11 years. Something I wrote about happening before the year started.
At some point Dollar strength, as much as they will try to diffuse the issue, will be problematic for the FED. Will stock futures recover this morning's losses, as they almost always seem to do?
Here is what I am reading this morning:
Stock futures struggled for direction on Tuesday, pinned down somewhat as investors continued to watch Greece-related headlines and after another batch of downbeat data came from China overnight.
Fresh data from China showed consumer inflation at a five-year low, suggesting weak consumer demand. Meanwhile in Greece, officials said late Monday that they plan to proposed a debt-compromise plan to creditors in Brussels on Wednesday. The country still plans to reject some of the strictest austerity conditions, and the brinkmanship between Greece and its international creditors has been rattling markets for days.
Here is what I am reading this morning:
