U.S. equities have very little to complain about and as a result we have another tepid rally on our hands. Hopefully, we will not see a give back like yesterday.
Earnings, a clam put, and hope for Europe resolving their debt problems fuels the cautious rally.
Shoert have to cover as markets continue to drift higher into the heaviest shorted market in 5 years.
The S&P has poked its nose above 1400.
Europe has pared any losses seen during the trading session. Europe was able to ignore some recessionary data and the Standard Charter banking scandal.
Oil is up firmly in today’s session.
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