Equity indices spent the entire Monday session near their flat lines while the Dollar Index (96.86, -1.05) extended the pullback that began late last week. The index fell 1.1% with the greenback giving up 1.4% to the euro (1.0966).
We still may have the last week of the quarter dynamic in play, although we didn’t see it today. If the market starts a rally tomorrow, I would expect longs to pile on as they try and dress dress up the quarter’s end. We shall see.