Markets to capture all losses today at the opening

Good morning all. The premarket SP500 futures is at 1361 and as high as 1366.
Read at Leavitt.

@leavitt: “The Asian/Pacific markets closed mostly up. Japan and Singapore rallied 2%; China, Hong Kong, South Korea and Taiwan gained at least 1%. Europe is currently up across the board. Stockholm, France and Germany are up 2%; Austria, Belgium, Amsterdam, Norway and London are up at least 1%. Futures here in the States point towards a sizeable gap up open for the cash market.

The dollar is down a bunch. Oil and copper are up. Gold and silver are up.

The reason for the giddiness? Positive news from Greece. This allows markets around the word to breathe a sigh of relief (at least in the near term) and it props the euro up and puts pressure on the dollar.”

As of now, the loss the S&P suffered on Tuesday will be recaptured at today’s open.

 

Written by Gary