Dollar Tumbled Broadly on Fed Outlook, Stocks Hammered by Risk Aversion The biggest developments last week were the sharp selloff in stocks and reversal of dollar's trend. DOW dropped -386 pts, or-2.4% to close at 16026.75. S&P 500 dropped -49.4 pts, or -2.6% to close at 1815.69. NASDAQ was even worse by dropping -128 pts, or -3.1% to close at 3999.73, losing 4000 handle. The dovish FOMC minutes during the week provided a brief lift to markets sentiments but the impact quickly faded as investors continued to pare back their positions. Indeed, both the S&P 500 and the NASDAQ had their worst week since 2012 as the selloff in tech sector spread to others. Also, there were deep concern that the extremely poor weather has hurt earnings much during the first quarter. And markets are finally starting to be cautiously preparing for post QE days as Fed started tapering last December. Full Report Here... | 
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