Thanks To China, There’s A Rally Happening EVERYWHERE

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RISK ON.A big global rally that really began yesterday afternoon continues.

Everything is probably higher than when you looked the last time.

In Europe, peripheral equities are up big, after a report about China doing more bond buying. Spain is up 1.2%.  Athens is up 1.4%. France is up 0.45%. Germany is up 0.38%.

Commodities: you name ’em, they’re up.

US futures: Same.

Not surprisingly, some notable peripheral bonds are rallying. See the Spanish 2-year here.