State Street Corp (SST) is up more than 6% this morning along with several other banks that reported strong earnings. If SST can hold break out levels, certainly appears to be headed much higher. Few other bright spots exist this morning as a strong dollar is wreaking havoc on foreign stocks and ETFs. Both Sweden (EWD) and Spain (EWP) are off nearly 4.7%. The All US stock ETF (IYY) is down 1.52% while the All World MINUS US (ACWX) is down twice that amount at 3.19%. Metals and mining stocks are all down sharply.
US Treasury securities were up across the board, reflecting FLIGHT TO SAFETY!!!