World Markets Are On A Tear

Yesterday started with markets sharply lower, but by the end of the day, the US was in the green.

Today markets are in the green.

There were solid gains in Asia.

Italy is up 1.75%. Germany is up 1.4%.

Commodities are up across the board.

And US futures are higher as well.

SocGen's Kit Juckes tweeted this great summary of what's going on.

@thestalwart RBAonholdabitless dovish. Globalrisk-onafterUSequityrally. Italian economy going backwards as fast as new Lambo goes forwards.

— kit juckes (@kitjuckes) March 5, 2013