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Stocks opened in negative territory, losing steam throughout the session ahead of a busy week of corporate earnings. Equities fell on Brexit commentary from UK Prime Minister Theresa May and on a plunging U.S. dollar after Trump talked tough amid the recent strength. The dollar fell after an interview with The Wall Street Journal late last week, Donald Trump said the U.S. currency has gotten “too strong.” Trump said dollar strong especially considering the China’s is “dropping like a rock.”…said “our companies can’t compete with them now because our currency is too strong…and it’s killing us”. Today the Volatility Index (VIX) jumped over 7% after reaching its lowest level since July 2014 on Friday. Financials led the S&P 500 lower, the recent market leaders, led the decline as investors fled to Bonds driving yields lower. This is the opportunity I’ll be looking for this week…
