U.S. equities got off to a negative start despite some good news from Europe and here in the U.S.
Markets are not impressed with better than expected durable goods, a Greek debt deal and Richmond manufacturing data; however the markets have now pared all losses to scratch back to the unch line.
For the most part markets are primarily focused on any progress on the fiscal cliff….which at this point appears to be in deadlock given there is still a few weeks left until we go over it.
Europe closed mixed, oil and gold is flat, the Euro is down a smidgen and the dollar is currently having a bull / bear tug of war between 80 and 80.50…currently at 80.35
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