Risk indicators are at the bulls’ back here, even if the ever-present Euro Zone sovereign debt crisis hydra stands ready to produce new ugly heads at any time. JPY continues to suffer – will FOMC provide a pivot? We’ve seen a remarkable turn in sentiment over the last couple of weeks as virtually all of our risk indicators are showing strong risk willingness. The fish are all swimming in the same direction, a change from early last week, when there were still signs of concern and divergence in a number of indicators, (emerging market spreads, etc.). The Apple earnings news late yesterday offered an additional boost ... (full story)