US fiscal cliff deal lifts global equities past any 2012 level.

FT: The President and the Congress manage a deal at the eleventh hour, before default tax hikes and austerity cuts kicked in, threatening the US with recession. The FTSE 100 returns climbs 2.2 per cent, passing through the 6,000 points level that it never managed to exceed in 2012.
JL thought: So, when under the gun the two American tribes can work together. Now perhaps for climate change?