Stocks Are Going Higher This Morning, BUT...

Yes, most equity markets are higher this morning, but it’s far from a clean RISK ON type of day.

We have to point out that Europe’s two big new worry-spots, Portugal and Italy, are both seeing further yield widening.

Portuguese 2-year yields just crossed above 17% for the first time, following their disastrous day yesterday.

And check out how virtually every country is seeing widening CDS today >


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