US equities as measured by the S&P 500 tested the intraday high for the year at 956 and so far is failing the test. Prices have turned lower and are now now down 5 points of half a percent of the day.
EUR/USD slipped to the 1.4185 area on the pullback, a zone where Russian bids were spotted earlier in the session. We’ve since bounced to 1.4205 so perhaps the Russian bear still prowls near the lows.
Bernanke continues to fend off the clowns on Capitol Hill. It is interesting to watch the back and forth between the Dems and the Reps on the impacts (if any) from the stimulus package.
