Hello Everyone,
Quick Notes: Big sell off today in the market, despite being in the time of year we are in (remember Thanksgiving week)? The major indexes lost -1% to -1.5% for the day. Most market sectors were down, however we saw strength in real estate, consumer staples, biotech and healthcare, so there was some sector rotation vs everything being down. One the weekend Steve say far more short ideas than long ideas. Again, under the surface the heavily weighted indexes have masked the carnage that has occurred under the surface; sort of like a cancer that is eating away from the inside of a person who otherwise looks fine on the surface.
Strong day for the US Dollar
Most commodities were lower today, exception being coffee and precious metals.
Strong down day for crypto currencies, which have been in the midst of a major correction
Matt
