It’s obvious to anyone reading this report over the past several weeks that I’m a big long-bond bear, that I think we’ve seen the “top” in Treasuries, and that a long decline in bond prices and a higher move in bond yields has begun.

We’ve got to keep an eye on Greece again now that yesterday’s closure of the public broadcasting company by Prime Minister Antonis Samaras has ignited a political crisis. This has significantly increased the chances of a “no-confidence” vote and snap (or, early) elections. (Everyone remember how markets reacted the last time it happened in May of last year?)

Away from the yen, the other focus in the currency markets was on the implosion we’re seeing in emerging market currencies. The Indian rupee hit another all-time low vs. the dollar. The Brazilian real and South African rand hit four-year lows vs. the dollar, and even…

Over the past several weeks we’ve been witnessing equities go through an “adjustment period” as the reality of Fed “tapering” and ultimately removing QE sets in. Because this adjustment is an ongoing process, I don’t know if…

All this economic data coming with week is important because the world’s central banks are very, very data-dependent with regard to policy. As the data goes, so will go markets. But, and this is important: We are not in a “bad news is good for stocks” environment, especially here in the U.S. Previously…