Today, the price for Greek CDS bond topped par today for the first time. Live webcast of the ECB press conference reports, “still no plan regarding the Greek PSI.” US Initial claims miss expectations. This is the 3rd consecutive miss, first time this happened since Aug of 2010. ES is up 12pts at the highest level of the day as Greek default might be priced in. Crude Oil rallied to the $107 or up .77 /(.73%) as geo-risk premium is still hanging its ugly head. The House of Representatives just passed the jobs act as there is still fear in the unemployment picture.
DO NOT FORGET ABOUT THE ALL IMPORTANT JOBS NUMBER!! Should be a Market Moving Event.
In the earnings line for tomorrow: HIBB (Hibbert Sports), STEM (STEM CELL RESEARCH) and TITN.