Claims, the Fed, the IMF, Grece and Iran on the schedule today
Risk appetite is much better today and that's leading stocks and yen crosses higher. S&P 500 futures show about two-thirds of yesterday's decline erased.
The question is: Is it a bounce or a bottom?
I suspect most are leaning toward a bounce as bearish sentiment picks up.
Five events to watch today:
- Initial jobless claims at the bottom of the hour
- The IMF world economic outlook at 1300 GMT
- The Fed's Brainard and George at 1400 GMT and 1710 GMT, respectively
- Greece is due to submit its make-or-break proposal
- Today is basically the deadline for an Iran nuclear deal