THURSDAY 5/7/15; Asia Stocks Selloff; UK Election; Global Bond Selloff Yields Explode Higher; APA; BABA; MWW; REGN; WPP; Consumer Credit; CBS; CERN; MHK; NVDA; TSO

Fed Chair Yellen’s comment that “valuations are quite high” has created negativity in global markets with dramatic weakness in world markets overnight. Over the last two weeks, over two trillion dollars in value in global stocks and bonds has been erased.

Asia indexes are a sea of red. SSEC -2.8%. NIKK -1.2%. HSI -1.3%. SPASX200 -0.8%. Taiex -1.2%. Bangkok -1%. Jakarta Comp -0.7%. KOSPI -0.7%. Nifty -0.7%. Straits Times -0.8%. Negative numbers across the board. The Australian jobless rate 

















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consensus for the Monthly Jobs Report is 220K. Many traders are expecting a lower number in the 180Kto 220K range. A blowout number at 250K will place the first rate cut firmly on the table sooner rather than later.