(As of 7:58 am pacific)
It’s a risk on scenario as all
asset categories are up. ECB Banker
Draghi indicated unlimited funds to banks are available for a period of
time. Thus liquidity is to be more
plentiful and more leveraging is taking place.
Oil, gold and commodities are up significantly. The dollar is generally down against all
except the yen. Interest rates are
stable. Productivity was down slightly,
which is a negative going into the summer and another indication that the US
economy is braking.
