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Yen Down = Oil Down (Dollar Up) and now you see the next leg down -2.7% WTI to $76.66/barrel as whoever was trying to defend the $80 line falls down – this is textbook #Quad4 deflation and its catching up to equity and fixed income expectations, by sector.

CHART OF THE DAY | Write This Down: #Quad4 Deflation - 11.04.14 Chart