The yield on an Italian 10-year bond fell to 6.11% on Monday after hitting a high of 7.11% on 11/25. This is a dramatic drop in just over a week and even more telling is the fall from 6.56% on Friday.
Spain's 10-year bond yield had a similar drop. Falling to 5.18% on Monday from 5.56% on Friday and a record 6.67% on 11/25.
Since 11/25 the S&P 500 is up 9%.
Apparently investors are cheering the possibility of a European bailout after little talks this weekend.
Market expert and TV personality Matt McCall blogs about what is really moving the markets. He will emphasize Exchange-Traded Funds (ETFs) and individual stocks throughout the trading day.
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