Oil continues to rip higher as East Asian markets also catch a serious bid, led by China. With higher oil, Norway and Lat Am have gotten some support but European equities in general have done well as EURUSD moves gently higher. On the red side of the equation natural gas is in the most pain. Metals and mining have also underperformed dramatically despite the bid in the Energy complex. The same is true for MLPs which are down over 1.4% despite solid performance from spot commodities over the last week or so.

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