The S&P 500 sits within 5 points of its 2010 highs at 1150 on this, the one-year anniversary of the slide in benchmark US index to 666 lows.
Like many who suffered a near-financial-death experience in 2008/2009, these are much happier days. But with markets essentially flat for the last decade, a bit more upside would do the portfolio so good…
As I noted last week, the last time the S&P was at these levels, EUR/USD was at 1.41…Perhaps if sovereign debt jitters die down in the weeks ahead, we will become more correlated with stocks and risk in general.
