There is a bit of buy side activity in Dow but it is not widespread.
Clearly this is a risk off start to the week. It started immediately with the Asian open and never changed. Significant developments will be needed to turn that around.
I find it interesting that some media are giddy over last week’s US jobs numbers. They seem to have forgotten in a week’s time the last revision was almost a million job losses off and on the negative side. I have absolute ZERO faith in ANY numbers that come out of this US administration or its offshoots. Might as well believe Al Capone, at least he was a good liar not a bad one.
The only thing that increasingly counts in markets is how the flows are going because the economic numbers are tremendously unreliable.