Mr Market is not waiting for May to sell and go away.
They’re getting a jump on things, selling at April’s month-end.
EUR/USD has lost its correlation with equities intraday though AUD seems to be slipping along with the market. EUR/USD is actually drifting up ever so slightly, now at 1.3235 from 1.3225 an hour or so ago.
The S&P is down 0.6% at 1395.
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