Market preview: Global markets are giddy with joy after Congress skids to a halt at the fiscal...
Market preview: Global markets are giddy with joy after Congress skids to a halt at the fiscal cliff with a sharp hand-brake U-Turn that leaves the back tires hanging over the edge. S&P benchmark futures are +1.9%. However, the excitement will probably be short-lived, as there's the small matter of the debt ceiling to be dealt with, not to mention $110B of automatic cuts that were delayed for two months. Later: ISM Manufacturing Index, Construction Spending, FOMC minutes.
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