Everything Back to Expected Path

ZB and NQ are green today (NQ is bouncing between green and red this AM), CL is very red. When thinking about the Fed hiking 75 basis points and blowing up the world, NQ is the most likely to break from this pattern. CL most likely to stick to the script.

USD has broken out vs Mexican peso. This could open the next phase of selling in emerging markets.

Teh 2s10s inversion went even more negative and the euro is approaching 1.0000 versus the U.S. dollar.

Now if only the yen would suddenly rally...