Looks like a tad of risk-aversion has hit the markets at month-end. US equities are down about 0.5%. oil is off 1% and gold is down about 7 bucks from session highs.
Pimco’s ElErian is on the tube talking doom and gloom, which suits his $1 trillion+ book of bonds. He says that Q3 GDP will be revised lower from yesterday’s 3.5%.
1.4770/80 is modest support intraday. We trade now at 1.4796.
