(as of 7:15 AM PST)
It's a great day so far on US markets. Positive economic news coupled with what appears to be a dovish approach to interest rate rises by the Federal Reserve has stocks on the plus side, at least for US markets that is. Spotty data from Asia has most markets down moderately and Europe continues to feel the sting of Greek financial negotiations, which seem to be going nowhere. Precious metals are up big with easy money continuing on the horizon while oil is bucking the trend, amid a glut of supply that just keeps getting bigger. Jobless claims were down to fifteen year lows in the US, while economic indicators were strong. It seems that Fed Chair Janet Yellen did a phenomenal job of explaining interest rate scenarios, turning what might have been a big blow to investors into a strong positive. Positive jawboning coupled with a mild schedule of rate increases has turned into a good positive momentum play for investors as optimism abounds.
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