We're approaching oversold conditions, but then we've been getting data that has been coming in strong and which in one way justifies this.

Coming from an area where there is harsh winter conditions, my strong feeling is that an election should be held when the weather conditions are such that you can canvas properly, that means the fall or the spring.

There's a very strong correlation between those data sets,

Since it's broken through that, that sets a negative tone for the market.

Pressure from bunds is working its way into the Treasury market. Bunds and Treasuries are moving hand in hand.

There is very much of a flight to quality, although by now financial markets are settling down a bit.