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All things considered, the equity markets forged a fairly positive morning trade. With the passing of triple witching expiration the trade was able to shift its focus back to the direction of the global economy. Apparently equities and other financial markets are embracing the idea that eventually QE would serve to bring the global economy back into a positive track. Certainly the hype off the start of I-Phone 5 sales provided stocks with some added lift, but stocks were probably also cheered by the surprise rise in gold, as that type of action would seem to imply some success from recent central bank easing efforts.
*Disclaimer: The information in the Market Commentaries was obtained from sources believed to be reliable, but we do not guarantee its accuracy. Neither the information nor any opinion expressed therein constitutes a solicitation of the purchase or sale of any futures or options contracts.