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Major averages are lower. Dipping dealing as low as a 1 decline, but all three still lower as we have concerns about Central Banks effectiveness in fighting global slowdowns. Not giving aspan much stimulus as had been anticipated. Franko heard from the fed kaplan who questioned the effectiveness of monetary tools or the difficulty in using monetary tools. If you look at the threemark ix, itmonth chart of the v shows it is the highest it has been going back to the period surrounding the u. K. Vote to leave the european union. If you look at other assets, the is seeing an uptick or gold futures are rising for the sixth straight session, and crude oil futures are trading lower. That is how this macro view is playing out. Lets go back to stocks. Transportation a huge drag. Delta going down after unit valley value fell. Royal caribbean lower after its earnings report, and forward, not technically in the transportation average, but it makes stuff that gets you place. They came out with july

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