What Italian election? S&P 500 now higher for the week

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The 2% decline following the Italian election has been erased.

I’d call that’s a strong indication of the willingness to buy risk assets, especially US assets.

S&P 500 daily

S&P 500 daily

Author: Adam Button

Adam Button is the managing editor of ForexLiveâ„¢. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

2013-02-27T20:20:17+0000

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chart|S&P 500|stocks

Adam Button

4 Comments

  1. And this risk-on mood temporarily killed a good chance for an AUD break down too, how disappointing…

  2. Just another new three stooges (Bernanke, Mario, and Hari) fueled short squeeze. Regardless of the amount of money printed it is not creating well paying jobs for the miuddle and lower classes in Europe or America. The EZ is bankrupt, the USA is bankrupt, China is eliminating the USA Petro-Dollar and the HFT traders love this artificial reality.

  3. Italian stocks closed higher, up 1.77%. A strong indication of the willingness to buy risk assets, especially Italian assets? France closed up nearly 2%, same with Spain…. meanwhile the EUR/USD was up on the day. Try not to be blinkered.

  4. could be some evidence of topping activity..e.g. double tops. i am suspect of any data coming out from us, especially housing data, when the majority of houses are held by distressed borrowers, and there is little supply ,so easy for data to be manipulated here folks.

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