Stocks are having little reaction to the events
in Greece. Treasury Bonds are also under pressure
after a slew of stronger-than-expected U.S.
economic reports on Thursday triggered a reversal
top.
June Treasury Bonds finally
broke out above the recent
double-tops at 118’02, but
failed to attract strong
buyers, before reversing back
to the downside.
U.S. stock indices are
trading flat overnight.
Traders have largely ignored
the weakness in the Euro over
Greece concerns. This may mean
that today’s menu of U.S.
economic reports will have a
bigger influence on stock
prices.