(As of 7:00 am pacific)
A 'risk on' scenario? Not quite?
While most key investment categories are up this morning, it is a
tentative bunch, with each hugging the near unchanged line. News is diverse globally, with concern over
Greece coming from Europe, a possible recession poised to grip Japan, and
positive numbers out of China. The US
markets will be trying to recover from a drubbing last week. A bipartisan conference called by President
Obama, attended by Senate, House and Business leaders will test how much
political flexibility exists to break the deadlock on the fiscal cliff. Expect negative momentum to prevail until a
positive outcome from this conference can break the hold that this fiscal
uncertainty presents.
