Stocks have turned positive again but are below session highs after flirting with highs for the year earlier in the session. The high close of the year is just shy of 945.00 while the intraday high is up at 956. We traded to 948.50 this morning.
With Bernanke the main focus Tuesday and Wednesday, look for stocks to take the lead on a quiet summer Monday.
EUR/USD dipped briefly below 1.4200 and trades now at 1.4211. 1.4250 was the session high after the IMF announced the creation of $250 bln in SDRs.