Day Ahead: Bottoms Up?
For most of the July 4 holiday I was trying to put a finger on what the market has been whispering to me on a daily basis. While cooking a slab of beef on the barbie there was a slight epiphany that maybe, just maybe, the market has begun to price in a mid-year reacceleration in U.S. growth, less severe Eurozone economic readings from any country not named Germany and a pleasant surprise on China in that its rate of expansion confounds the increasing number of worry warts.
Then, amidst the chucking of rather dangerously lit mortars into a friend's metal garbage can, a deeper thought presented itself that perhaps the market isn't even concerned with six months removed from today, it's content to climb the non-technically-existent wall of worry until it decides to focus on fundamentals....589 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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