The markets should probably continue with a positive course for most of the week, as investors keep adjusting to lowered earnings forecasts and the uncertain direction of the dollar.
The greenback may continue to feel some pressure as funds flock to Europe — an additional $5.4 billion went into EU funds this past week, but it is possible that the QE effect will eventually run dry.
Markets will probably trade very light into Friday’s jobs report, because it comes on a day when the US equity market is closed and most world markets are also shut.
VXX Down, taking a loss on that position.
