Greece Story Stems Market’s Slide (Updated)
We did some moderate selling today in the commodities space. With the 200-day moving average in play and the S&P 500 rallying to close above both 1,273 and 1,276, it is prudent to see how we close out the week tomorrow before making any significant allocation changes.
From Reuters:
(Reuters) - Greece’s representative to the International Monetary Fund said he expected a deal to be reached on Thursday between the Greek government and an EU-IMF delegation on the terms of an austerity plan.
