05 May 2015

SP 500 and NDX Futures Daily Charts - First Quarter GDP Will Be Revised Negative

The US showed an unusually wide trade gap this morning for March.

Welcome to the economy of the strong dollar in which exports are dampened and imports are cheap.

There is now more belief that the 1Q GDP was negative.

Stocks fell today, as did Treasuries, reflected a general decline in stocks in Europe.

Geopolitical events are weighing on the hot money crowd.

Non-Farm Payrolls on Friday. Perhaps the Fed can give us another weekend at Bernie's.

Have a pleasant evening.