I think traders are heavily indoctrinated in the buy-the-dips psychology at the moment. If months of soft data, the threat of a war and a collapse in Chinese trade aren’t enough to derail stocks, they’re going to continue higher. The S&P 500 is down 3 points at 1875 after falling as low as 1867.
Yen cross trades are taking a breather after last week’s rallies.