U.S. equities rally on no bad news. Hopes are high on Spain receiving bailout money.
The S&P is poking its head above 1405 for the first time, and it seems like we will stick a close above this key resistance level.
Gold is up 0.75% or $12 and oil has begun to rally above $95 per barrel.
Spain is up 4% on their closing bell while Italy is up nearly 2%. Spain and Italy’s performance hs helped out the rest of Europe’s markets.
Treasuries on both sides of the pond have continued their rallies. The dollar remains strong.
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