Euro-Angst Back

There are no fundamentals today. This week has a 2-day FOMC meeting Tuesday and Wednesday and is highlighted by the first of three 1Q2012 GDP readings on Friday.

Domestic equity and Treasury market today are being driven by political and fiscal uncertainty in France and the Netherlands. The consequence is flight to quality buying in U.S. and German debt. The Euro-zone fiscal issue has never been really addressed but merely had politicians make believe there was a solution and the media play along.