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Minyanville's T3 Morning Market Call: World Markets Rally on Fiscal Cliff Hopes
US stock futures point to a sharply higher open Thursday morning with S&P (INDEXSP:.INX) futures up seven to eight handles. World markets rallied overnight on the heels of positive fiscal cliff talk out of Washington. Yesterday morning stocks pulled in sharply and the S&P looked set to potentially pull back to retest its 200-day moving average but the optimism expressed by House Speaker John Boehner and President Barack Obama ignited a potent reversal that put us at the top end of the recent range above 1409. After the S&P opened below the recent mini-range yesterday we were watching to ...
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