Another round of “mourning” headline anxieties tied to Greece is shaken off once again in Tuesday’s first half. As of 11:10 ET the SP-500 (SPY) is up narrowly by 0.05% as a confident but less complacent bull continues to put its best foot forward.
With the clock still ticking on Greece’s mountain of debt and officials still failing to establish fresh austerity measures with authorities; investors felt anxiously compelled for a second straight session to take profits out-the-gate Tuesday.
Fast forward less than a couple dozen intraday candlesticks and in a repeat of Monday’s storyline, a defiant EUR/USD, currently up a strong 1.20%, continues to suggest either default or a more pleasant sounding last minute resolution is being priced into the broader market at this juncture.
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