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Relief, but...
Overview: Global equities are marching higher. While the Dow Jones Industrials posted its biggest advance since 1933, the US is lagging behind other leading benchmarks. The MSCI Asia Pacific advanced, led by Japan's Nikkei's 8% gain. It was third consecutive gain, during which time the Nikkei has rallied 17%. Europe's Dow Jone Stoxx 600 is up about 3.5% after bouncing 8.4% yesterday. Today looks to be the fourth gain in five sessions and during this period has also recouped around 17%. Of note, the US S&P 500 has posted gains in seven sessions this month and rallied a cumulative 38.5%, but is still down 17%. The ... (full story)