Hot money flow is deserting the US- check out the S+P 500 futures now

If you look at the relative position of European stocks in general and compare that to the US futures right now and so far this week for that matter, you will see a clear departure. As just noted, the DAX is setting fresh record highs right now, whereas it is an entirely different story for the US futures this morning. They are all heading in the opposite direction. So, once you do that and then look at the EUR/USD above 1.08 you can see there is clear demand (most likely from stateside players) to avoid US stocks and put that money to work in Europe. The drive above 1.08 in the EUR/USD clearly endorses that dynamic. The S+P 500 futures are a good reflection of all this and that explains why the index is now priced to open lower than it was earlier today. The index is right now pricing the opening closer to the 5,800 handle, currently around 5,810