MONDAY 5/2/16; NIKK -4%; US Dollar Index 92-Handle; Gold Tags 1300; Puerto Rico Default; US PMI; ISM Mfg Index; AIG; CBT; DENN; FOSL; RGR; THC; VNO

China, Hong Kong, Singapore, Taiwan and Malaysia are not trading today for May Day holidays. Australia, Japan and Korea will be open for trading.

[Text is Redacted: Purchase May 2016-05 to Read the Complete Chronology]

Fed’s Williams is in favor of gradual rate rises but says there is risk of declines in asset prices. Williams boasts that the Federal Reserve is in better shape to handle any downturn in markets and regulators have made amazing progress in protecting the banks from future failures.