Markets try to find balance in the midst of the Greece story.
Looking at the main European stock markets today (DAX, CAC40), one might think that everything is already great and that the problem is gone. But is that really so? Even if Greece does not leave the monetary union it will still have its debt and structural problems.
The real question now is how resilient markets are – we should wait a few more days to find the answer. The upswing today is not that much convincing as during the past weeks the markets had similar upswings – but they did not last too long.
Definitely the US market remains relatively stronger than its European counterparts. It is especially visible in the longer terms. This is how the USA stock market looks in comparison to Greece?
Greece is 64.73% below S&P in one year (relative trend)