Senitment Remains Bullish ahead of Fed's Decision

Investors maintained a positive mood yesterday as economic data released were generally supportive and anticipations of Fed’s QE2 remained intact. Stock markets rallied from Asia to Europe and then to the US, with DJIA and S&P 500 gaining +0.58% and +0.78%, respectively, both to highest levels since May 2010. Commodities rose across the board, sending the CRB index to a new 2-year high. The front-month contract for WTI crude oil price surging to 84.47, the highest level since May 2010, before settling at 83.9, up +1.15%. Declines in oil inventories have supported the rally.

Read the original post:
Senitment Remains Bullish ahead of Fed's Decision