Stocks Ignore Bullish Economic Data; Turn Focus on Risk
U.S. stock indices had enough information in today’s bullish GDP report to mount a strong rally, but concerns about the debt crisis in Greece and a poor outlook for technology stocks led to a late session sell-off. If the situation in the Euro Zone continues to escalate and capture the bulk of the headlines, then look for investors to turn more risk averse. This will underpin the Dollar but pressure stock indices and gold. The robust GDP report should have pressured the