Central Banks to The Rescue, Markets Blast Off

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This morning, the S&P 500 Index e-mini futures (ES Z1) are soaring higher by 36.00 points to 1232.50 per co...
This morning, the S&P 500 Index e-mini futures (ES Z1) are soaring higher by 36.00 points to 1232.50 per contract. This rally comes as most of the leading central banks around the world announce a coordinated effort to lower swap rates for the European banks. This central bank intervention is certainly helping all of the major stock indexes in the United States and Europe to inflate and rally sharply higher. The German DAX, and the French CAC 40 are trading higher by nearly 4.0 percent this morning after this news was announced.
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