In keeping with the Monday morning ritual of taking a look at new highs and lows on the NYSE, Barron’s showed 802 for the former and 6 for the latter which gives us a ratio of 134:1. This is a new high both in terms of the outright number of new highs as well as the ratio of highs to lows. Not completely surprising given that we spent 2 days above the 10K mark but also a good way to check on the breadth of things.

The relative strength of the dollar against its trading partners is also a statement on the rate outlook in the U.S. and that is a product of what investors think it will take to have unemployment in this country begin to come down.