Stocks extended gain, as investors put a turbulent six months behind them. The market rallied for the 4th day in a row, helped by a strong economic reports and the positive developments out of Greece. There are a lot of major global economic concerns, and we expect markets will be very volatile for the rest of the summer. EBAY jumped more than 4% a day after the Fed imposed caps on debit card swipe fees that weren't as high as expected. The implied volatility remains at low levels as bullish sentiment prevails.
Friday, July 1, 2011
Ended the first half on a higher note
Stocks extended gain, as investors put a turbulent six months behind them. The market rallied for the 4th day in a row, helped by a strong economic reports and the positive developments out of Greece. There are a lot of major global economic concerns, and we expect markets will be very volatile for the rest of the summer. EBAY jumped more than 4% a day after the Fed imposed caps on debit card swipe fees that weren't as high as expected. The implied volatility remains at low levels as bullish sentiment prevails.
