It's truly a Ruby Tuesday as we have red across the board this morning.
And why? Well, the stage was set overnight for a pullback and now it has come with slightly higher US rates and US$, along with a green "stock market". However, we were up $21 following the FOMC last week and now we've given back about 1/3 of that.
But again, why? It's not as if the US economic news has suddenly improved. Today's datapoints had to do with the housing market and they were dismal: