John Carter Markets Analysis: What's Driving the Market

Currencies continue to play a vital role in this market.
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Currencies continue to play a vital role in this market, but the dollar hasn't been able to maintain the strength we've seen. Gold has seen a divergence from this, maintaining support around 1150 and I think we can start looking for metals to move higher. Crude has rallied back to the psychological $60 level and I like the risk reward here for a test of the most recent lows. Bonds have been especially volatile as of late, all I'm looking for at this point is a bounce for a reversion to the mean. The S&P's continue to push higher despite global concerns. The Dow is in a similar stance, but the Russell may still offer some hedging opportunity.