Euro trend

Much is being made of the euro falling below its 200-day average. This would be its first cross below the average in over 200 days, ending its 7th-longest streak above the 200-day since 1975.

Once it did this, it tended to keep going. A month later, the euro had rebounded only 29% of the time, though in the months after that it was mixed-to-higher.

The euro is a major input to the U.S. Dollar Index, so no surprise that it tended to rebound in the short-term but decline in the medium-term.

For stocks, the S&P saw some losses in the shorter-term.