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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.