Stocks are climbing again today as momentum continues to favor the bulls.
S&P 500 futures have been climbing in the last hour and are now up about 0.2 percent, matching gains of a similar magnitude in Germany, France, and Britain. There seems to be a pattern of growing risk-appetite because the more volatile European countries of Italy and Spain are up almost 1 percent and 1.5 percent respectively.
Asia was also strong in the overnight session, led by a 2 percent rally in China and a move of almost 1 percent in Tokyo.
The S&P 500 inched higher again yesterday, its sixth record close in the last eight sessions. Stocks have been gaining steadily as capital returns to the market following years of exile in fixed income and as indicators show continued recovery in the economy. Gains have been broadly dispersed across sectors, with no single group dominating.
— Option Monster