There are two things the market needs in order to truly get going. The financial system needs to mend. To do that, the negative rate situation in Europe has to change. Anytime you see a spike in German bund yields, that’s a great things for stocks.
We’re seeing heavy selling in bunds this morning.
The other pillar for a sustained market rally is for there to be strength in crude. We’re getting that this morning too, with WTI nearing $50 — the highest level since June.
Twitter is in talks of being acquired and futures have bounced, now up 30.
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pm’s crash and burn. higher rates are good for some but for other it is death.