A weak CPI and a "hawkish" Count Draghi have combined to shove the POSX lower today. Thus, hope springs eternal that a bottom has been found for this most recent, five-month downtrend.
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Key Economic Events Week of 4/29
4/30 8:30 ET Employment Costs
4/30 9:00 ET Case-Shiller home prices
4/30 9:45 ET Chicago PMI
4/30 10:00 ET Consumer Confidence
5/1 8:15 ET ADP jobs report
5/1 9:45 ET S&P Manu PMI
5/1 10:00 ET ISM Manu PMI
5/1 10:00 ET JOLTS
5/1 2:00 ET FOMC Fedlines
5/1 2:30 ET Jerry's presser
5/2 8:30 ET US trade deficit
5/2 8:30 ET Productivity & Unit Labor Costs
5/2 10:00 ET Factory Orders
5/3 8:30 ET BLSBS
5/3 9:45 ET S&P Services PMI
5/3 10:00 ET ISM Services PMI
