The exclusive Markets Morning Report is supplied by The Precision Report.
The Precise Take – Leaping higher
Big Picture Analysis – Yesterday’s initial disappointment after Durable Goods was quickly reversed, and many US equities indexes made new closing highs. This morning’s ECB LTRO went smoothly, with the final take at 529.5 billion euros gross and 311 billion euros net–a bit lower than some analysts expected, but in the end, it was not a market mover. Today continues a packed news week, with GDP having already been released and surprising to the upside, Chicago PMI (often out of consensus) at 9:42 am EST, Bernanke speaking in front of Congress at 10:00 am, EIA Petroleum Status at 10:30 am and the Fed’s Beige Book at 2:00 pm.
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