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:

David Stockman (you remember him) on how the GOP impacted the economy and the NYTIMES article;

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;