Risk is the Word as Stocks and Oil Lead Higher

The markets have been in risk-on mode since mid November and continue to embrace risk. The chart below shows the S&P 500 ETF (SPY) and US Oil Fund (USO) performing the best. The 20+ Year T-Bond ETF (TLT) is performing the worst. Also note that the Euro Currency Trust (FXE) remains in an uptrend, and the Dollar in a downtrend.

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