By The Inflation Trader: Although it didn’t happen until after the U.S. market had closed – funny how that happens – there is yet another delay in the Greece-Euro deal. The Greek leaders, who were discussing the austerity measures, “agreed on all the points of the program with the exception of one which requires further elaboration and discussion” with the Troika. The ‘discussion’ seems to be brought about because Greece was told it needs to cut pensions, and the socialist party said they won’t agree to such a thing. I wonder how they’ll discuss that thing out.
Equities managed another small gain before that news came out, on still-ephemeral volume. After the close, stocks slipped, but not terribly. We will see what the morning brings.
I have been ‘bullish’ on equities for a few weeks. I put the word in quotes because although I believe stocks have a better chance to
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