 One source of equity buyers on Wall Street is on a decline and that is stock buybacks. They appear to be slowing down and that might suggest that corporate America's outlook has dimmed or it might suggest that stock valuations have become prohibitively high or optimistically it could mean that companies are starting to listen to investors and put funds toward other uses like investments or new high rings. That is a trend that should be closely watched because one of the main sources, the main pillars on which the rally on Wall Street actually bases has a foundation on our stock buybacks. Today it will be very interesting to watch the US dollar, to watch West Texas Intermediate, WTI, the US crude and print crude oil because yesterday we had a rather interesting situation where we had the US dollar first declining. That means okay if the US dollar is declining it's positive for the price of oil but then the US dollar spiked up an increase in value but oil just continued to go up. So markets are somehow ignoring the fundamentals which is a strong US dollar. It is ignoring the still high inventories. It's ignoring the increase in the number of active RIC counts in the United States. They have been on an increase and on an uptrend since some days ago. Every day there are more RICs active which is a signal that US production might be on the rise again. Then there is a lot of talking going on about a meeting at the end of September. The Saudis have actually said okay we might talk about a possible cap in world production but the Saudis can only speak for themselves and they themselves what they did is just to increase their own production to record highs. So it was Nigeria and Iran yesterday saying that they will not join. The Russians think there will be no result of that meeting end of September but oil markets tend to ignore just that which is somehow a risk. One market to watch today is for the inventory data is oil of course and then on the evenings there is the publication of the Fed Minutes which is actually what the Fed was talking about at their last meeting which was at the end of July. There could be one surprise coming out of that and that might be some more concrete signals from the Fed regarding a possible second rate hike. Markets actually might be underpriced in the rate hike risks that is what the Fed President Dudley yesterday said and he also said that September is possible for a second rate hike. So that is very interesting two key points and key markets to watch today. First it's oil, second it's the US dollar versus the euro and it's also US dollar versus the yen because dollar yen dropped below 100 yesterday. If you remember some videos in the past I have said that the Japanese government already said that they will intervene between 90 and 95 yen per one US dollar. So if dollar yen drops to 95 or below then it is very probable that the Japanese government will try to weaken the yen again with direct intervention. So euro dollar dollar yen and oil are the markets to watch today.