Photo: Wikimedia Commons
It looks like markets survived the Draghi press conference.After wavering a little bit, stocks are higher despite the cut.
The NASDAQ is up 1.2%.
The Dow is up 112.
The euro is near its pre-conference highs.
Why the lift? Basically there are louder and louder rumours about the Fed doing something at its June 20 meeting… probably full blown QE III.