Yes, it’s true, I just can’t come up with the right theme for Monday. Forgive me a short comment.

There was some economic data today but most of it was either unremarkable or weak. For example, important income and spending data reflected good income but weak spending. Any good Keynesian wouldn’t like that data one bit. PMI Manufacturing rose slightly to 52.4 vs prior 51.2 but ISM Manufacturing stayed in recession level at 48.2 vs 48.2; and, Construction Spending was flat at 0.1%.

There’s not much to like about these reports unless you were a “bad news is good” bull.

Markets fell early but our frequent companion, the 2:15 Buy Program Express, entered the market with a “stick save” for the day. But most of that rally was gone by the close. They say the Fed’s goalie this day was Vice-Chair Stanley Fischer who stated global growth concerns were increasing but didn’t know what to do about it saying lamely,”At this point, it is difficult to judge the likely implications of this volatility.”.

Some liked to point Monday Google (GOOGL) had passed Apple (AAPL) in total market value but this could quickly change if these companies paid their stiff European taxes.

A more amusing note featured a report that the Global Warming Treaty will cost nearly $12 Trillion. At the same time most Americans polled noted only 9% cared about Global Warming. This will no doubt mean politicians behind the movement will probably just leave office with little being done; although, there will be plenty of scientists and universities with grants for citizens to fund.

Market sectors moving higher included: Gold (GLD), Gold Stocks (GDX), Silver (SLV), Euro (FXE) and little else.

Market sectors moving lower included: Just about everything else.

Below is the heat map from Finviz reflecting those ETF market sectors moving higher (green) and falling (red). Dependent on the day (green) may mean leveraged inverse or leveraged short (red).