The Inside Scoop on Outside Markets

The terms "risk on" and "risk off" have been commonly used (or, as some believe, abused) for several months as a way to describe the general tenor of investing in the daily marketplace lately. Most individual markets' daily price movements are interrelated to some degree, and more sessions than not they are influenced by just three key markets. Indeed, veteran market watchers can scan these three individual markets' price action early in the morning to get a good sense of how the entire marketplace will trade for at least the early part of the session. I'll explain these three key markets -- called "outside markets" by many -- and their daily effects on the entire marketplace.

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