The ongoing session on Wall Street is gaining momentum. Positive sentiment has returned within the last few hours and the US indices are recovering dynamically from yesterday's losses. This is partly due to the bond sell-off, which increases the local bond yields. This may suggest that investors are again focusing on risky assets. While the US500 rose by nearly 1.50%, the small cap index - US2000 - is the best performer, gaining nearly 3%.
US2000 - the 2,100 pts level again acted as a major support from which index rebounded dynamically. Currently, the upward move clearly accelerated and index is approaching the 2200 pts barrier - looking at the previous price reactions, it may be an important resistance from the market bulls perspective. Source: xStation5
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