Cusick’s Corner 12-26-2012 Midday
While the action is mixed today in US equities, the Far East is on fire. Japan, EWJ, is parabolic on their new Prime Minister who is looking to turn on the printing presses, causing the Yen to head south while Japanese equities closed higher at levels that we have not seen in ~2 years. China, FXI, is still in bull mode and this has Copper, JJC, and Crude, USO, on the upside. Also notable — on the Consumer side, MasterCard came out with some worse than expected … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards