click chart to enlarge
An interesting link on zerohedge shows how the rising yen is bearish for the S&P as Japan repatriates assets. I've reproduced their chart above as one to follow.
click chart to enlarge
And the yen remains correlated to gold - gold and yen are weak together now.
click chart to enlarge
I don't maintain that balance sheets inflated in dollar terms caused the current rally - but the chart does reflect the rumored G20 agreement to weaken the dollar and it's apparent (short term) success in stemming global equity weakness.
click chart to enlarge
click chart to enlarge
This advance is not broad.
click chart to enlarge
Nor is it broadening.
click chart to enlarge
More charts, and today's video update within!