Global markets rallied, but a bull bear tug of war was had for the opening of U.S. equities. It was not until good PMI numbers came out that U.S. equities began a small rally with Transports hitting a new high. Currently the transports lead the DOW by two times the upside for the year.
All in all we are have a digestion day after yesterday’s central bank bubble rally.
Europe is closing on its highs for the day as Italy and other sovereign nations see their bonds rise and Mario Draghi touts stimulus and further QE.
Currently the DOW is up 5 after being up as much as 20ish.
Gold is off $17 and WTI is down $0.26.
The Euro remains flat and the dollar is up against most major peers.
