U.S. markets fought off negativity at the open to be up marginally by lunch time.
The S&P has managed to hit intra day all time highs; bulls wait for closing confirmation.
It is the last day of the quarter so some selling into strength is expected.
Interesting note here is that we have never had a down year when Q1 produces 8% or more.
Still one has to wonder why we rally two days before the Cyprus event and such a meager rally on the day we find out things are not so crazy or troublesome as Cyprus reopens banks.
Currently the DOW is up 23 points, S&P is up 2.3, NASDAQ up 1.6, WTI is flat, and metals across the board are down.Twitter