* MARKET THEMES FROM MONDAY: Stocks opened strong, with the risk themes in gear: weak U.S. dollar, strong commodities, rising Treasury rates. After consolidating near Thursday’s price highs, consistent buying pressure led to a slow rise through most of the session. New 65-day highs hit a fresh peak for the market rally, indicating that the rally has retained significant strength. Once again, we’re seeing that dips are short-lived and shallow, as money managers are afraid of missing the bull move.
* OVERSEAS/OVERNIGHT NUMBERS: Monday 11:30 PM CT – Australia, Reserve Bank (central bank) announcement; 4:00 AM CT – EU, PPI; 8:30 PM CT – Australia, imports, exports.
* EARNINGS: ADM, CAR, CNO, ED, CVS, EMR, ETR, KFT, TM, UBS, WFMI
* WORTH READING:
— Thanks to a very astute reader for this article on the secret to world-class performance;
— A wise trader calls attention to this article on one crucial secret to success;
— Valuable life lessons from Irwin Yamamoto;
— Beijing concerned about overheated stock market;
— Asia on the rise in early trade;
— Race to debase world currencies.
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