Whataday!

GDP was weak.

Fitch went on a downgrade rampage across Europe.

And of course, the market would seem "due" for a rest after the blistering start to 2012.

And yet, you can't keep it down.

The S&P 500 has just gone green.

And what's more, some of the best "risk" measures, like our new favorite the Junior Gold Miners ETF is surging, up 2%.

Financials are doing well, as are cyclicals.

Worth noting is that the 10-year yield is actually lower today, so the market is not without some interesting internal contradictions.

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See Also:

• WAKE UP: Portugal Is Back In The Danger Zone And European Markets Are Slipping
• Greek 2YR Note Hits New Record As Debt Talks Go Nowhere
• Notorious Market Timer Joe Granville Predicts A 50% Plunge