Love may drive life but fear drives markets.
It's a scary time for U.S. retail, and even the Fed, even though they go thru this same late-winter funk every year. Sales are slow and inventories are backing up and managers are all saying they NEED an early spring. They all forget the world turns. The fear permeates from even the experienced merchandisers and managers -- not to mention from the new fed Chief -- it's human nature to consider she may somehow be wrong and the wheels are about to come off the wagon -- hopefully she is not reading the press like all the managers are. All this fear translates to a trickle of money coming out of the Greenback, and the trickle turns into as steady flow and that's how corrections occur.
To traders it doesn't matter which way the wind blows.