SPX 500 - Friday 02-24-12
The SPX 500 is about 4 points higher than yesterday’s close on the S&P 500. With Europe becoming efficient at buying time and maintaining a controlled debt crisis the markets have pushed higher. The EUR/USD has now broken above 1.34. Like last year we saw rising equities during the Fed’s QE2 program, once prices are stretched we may see margin hikes like we saw in silver in 2011. The big commodity that everyone is watching rise is oil. As we go into the weekend, we have G20 meeting and US New Home Sales today at 10:00am EST.