Morning trade winds

Obviously people are selling oil and gold and bonds and moving into equities.

If the fed is going to cut rates the dollar should move significantly..... Except... Europeans are moving from Euro's into equities... keeping a bid in for the dollar...

The Russell 2k is up 1.2%, the NASDAQ is up .5% , Dow is up .8%, and the S&P .9%.

Alot of that has to be short covering....

Basic materials up 1.7%
Capital Goods 1.5%(industrial)

(to me this says Inflation/Stagflation is the Current Bet)

2.3% in financials

(bottom picking)

1.9% Transportation....WTF is that about???

TBSI
EXM
DRYS
GNK
(international Freight)

Force protection is down big... apparently that is about the marines wanting a different vehicle.

Well.... overall for such a strong open the market is looking flat.... This just felt manic.

Regional banks are killing it again. Technology???? the weakest thing in the day??? People moving out of it, and into other things???