With today’s gain, the S&P 500 is up 0.1 pct on the year. Go go go!
Markets have been so volatile lately but it hasn’t amounted to much. The S&P is just 1.4 percent away from its record. Stay the course.
Source: “I think what we’re going to end up seeing is Greece pulling a Sweden and having its own currency.”
Daily moves in the euro v the dollar are more than double what they were earlier this month.
14-day correlation between oil and the S&P 500 at 0.2, less than I would’ve expected. Was at 0.84 in mid-January. (And -0.84 in mid-Nov)
Copper is proving very resilient… up for a 5th straight session today after earlier falling as much as 2.4 percent.
NEW YORK (Reuters) – Stock markets around the world were mostly higher on Thursday, lifted as crude oil resumed its recent rise, but investors digested the European Central Bank’s surprise decision to strike Greek bonds off its list of accepted collateral.
While U.S. equities rose on the day, with energy shares among the biggest gainers, the pan-European FTSEurofirst .FTEU3 share index fell 0.4 percent. The MSCI International ACWI Price Index .MIWD00000PUS rose 0.4 percent.