MOVING UP AGAIN
Equity futures are way higher this morning with ES +13.5, NQ +21 and YM +110.
The SMA 200 looks to get tagged at the open as it sits at about 1115 - which is near where we should open.
And overseas in Europe the FTSE/CAC and DAX are each up about 2% so look for the equity markets to move up and continue the move to catch up with those 2% numbers.
Gold is down a bit at $1,180 and crude up a bit at/near $80.
The EURO is back to 1.30 while the dollar moves lower at 81.5.
And Dougie Kass shorting the SPY's here - I think a bit too early for that.
Some good links this morning:
Fernando on the truth about American unemployment;
Greenspan on MTP talking the tax cuts;
DB and 6 reasons to feel bullish about the economy;
BESPOKE and JULY asset class performance;
And Sarah back looking for help;