Citigroup Leads Bull Charge: Dave's Daily

So many markets, so little time--but, you get the idea.  There's a bid under the market occasioned by the spiked punchbowl still being served by the Fed.  We've seen for the past 10 trading days or so pundits pumping financials.  Today it didn't take much to stampede anxious bulls with Citigroup seemingly innocent comments.  I'll bet there are many CEO's surprised by reactions their comments cause.

If you take away Citigroup's shares from trading Thursday there wouldn't have much volume at all. 

Traders cared less about China's inflationary news or ongoing Jobless Claims.  They cherry picked the news they wanted and ran with it.  Even higher interest rates were regarded positively reflecting strength in the economy.

Friday is Retail Sales and Consumer Sentiment.  These could move markets depending on the data and how it's spun.

Let's see what happens.  You can follow our pithy comments on twitter and become a fan of ETF Digest on facebook.

 

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