Bias is still toward “flight to quality” as things are still very shaky in the Euro zone. In addition, China’s economic reports are coming out pointing to an economic slowdown in that country.
Our own reports are showing increasing positive economic news, one item of which is factory orders, which have gone up now ten months straight.
All of this moves sentiment (and money) toward US economic stability; although again, government economic reports are just that — government. Take them with a dose of “red pill.”
Meanwhile, we’ve already reached the technical breakthrough points yielding interest rates at 3.30% – and moving lower. But we shall see what global/domestic news breaks.
