Citigroup kicks off Q4 earnings season on a strong note
The US Q4 earnings season started in high spirits as Citigroup posted strong results in its consumer and commercial banking divisions. Shares gained 4% on the news.
Head of FX Strategy
Summary: The S&P 500's breach of its 200-day moving average means that we should all take notice, simply because the US market is the single largest market and always the basic proxy for risk appetite.
Note the 40-week (200-day equivalent on the weekly chart) going back even further and the degree to which this level often is in focus: