Just Like That, Markets Are Back In Rally Mode

runners run a marathon on the great wall of china

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The resilience of this market continues to be impressive.Just when it looked like the short-sellers and bears might be gaining some momentum, risk comes back, and stock rise.

Markets are up across the Eurozone: Italy’s up 1%.France is up 0.9%.Germany is gaining 0.7%.

Futures are up in the US. NASDAQ 100 futures are making a new high here.

On the European yield front, Italian debt is back close to 6%, after weakening the last two days.

And it’s important to remember the backdrop, which is mediocre data, and ongoing Greek worries.