The S&P Futures Knock on the Door of 2009 Highs and 1100

10 November 2009 @ 12:12 pm EDT

The S&P futures added onto yesterday's gains as investors dove back into the risk trades. The futures are holding up well today and are presently knocking on the door of previous 2009 highs and the psychological 1100 level. Investor sentiment remains upbeat thus far today since we are not receiving noteworthy data from the U.S. today. Optimism is surrounding the anticipation that global central banks will maintain their respective stimulus and liquidity measures until the economy is back on stable ground. Hence, the Fed's loose monetary policy appears intact for the foreseeable feature, meaning corporate performance should continue to benefit from access to cheap.

Copyright Fast Brokers House. All rights reserved.

E-Newsletters

We value your privacy. Your email address will not be shared.