Big round numbers are rolling through world asset markets at the moment, most of them marking a threshold leading to a revival of investor risk appetites.
Right around the 100 mark are Japanese yen to the dollar, West Texas crude oil per barrel and the annual run rate of profits for Standard & Poor’s 500 (^GSPC) companies.
Related: Oil Tops $100 Again, Here's the 1 Thing Energy Investors Need to Watch
The 1,000 level now defines the new all-time high set this week by the small-cap Russell 2000 index (^RUT), while the $1,000 milestone sits ahead of another crucial bull-market bellwether: Google (GOOG) stock.
There is nothing intrinsically significant about any one of these numbers – not even to chart-driven traders. Their appearance in this cluster is a mere coincidence, and no doubt it’s possible at almost any time to hunt for several market indicators that are bumping against a level ending in zeroes.
Related: Google and Tesla: Too Late to Touch?
Yet, as Yahoo! Finance
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