Well, if the Memorial Day Hangover isn't gone now I am not quite sure what would shake those cobwebs loose.
It feels like the market was slow to see the weather change and after opening better things have really turned for the worse.
Macro-wise things have kind of traded the same way they have in the grains. Equities opened much better but were slapped in the face with a bad consumer confidence number. Traders were expecting something along the lines of a 70 when we actually got a 64.9 on the heels of a great 4 year high in the consumer sentiment index. Caught some guys very wrong footed.
As I write, the grains continue to slip away with the weak longs throwing in the towel. With the spectre of a Greek exit and a non-farm number on Friday, we look to have a busy week on our hands.