Markets Are Drifting Higher Again...

hot air balloon

Photo: Dave Parker via Flickr

Nobody is caring too much about the big FItch downgrades of banks yesterday, or the S&P downgrade of Spain, or the end of day market selloff in the U.S.The mood is mostly positive, as U.S. futures drift slightly higher.

Europe is doing fine, as well.

Italy is up 0.6%. France is up 0.7%.

The main theme of the moment: Quiet.

It’s been really quiet lately. Doubt that can last very long.

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