Whataday!
GDP was weak.
Fitch went on a downgrade rampage across Europe.
And of course, the market would seem “due” for a rest after the blistering start to 2012.
And yet, you can’t keep it down.
The S&P 500 has just gone green.
And what’s more, some of the best “risk” measures, like our new favorite the Junior Gold Miners ETF is surging, up 2%.
Financials are doing well, as are cyclicals.
Worth noting is that the 10-year yield is actually lower today, so the market is not without some interesting internal contradictions.
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See Also:
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