Stocks under some pressure
There's an unease around this market. In a sense, holding onto most of the gains from yesterday's equity rally is positive but the bond market still hasn't cast a vote.
Second thoughts are creeping in ahead of Brainard and the S&P 500 is down 22 points to 3879. The slide highlights the minor downtrend from the Feb high.
In turn, AUD/USD has rejected the 38.2% retracement I highlighted earlier and is back under 0.7800.
