Concerns remain that the economic data indicate the economy could slip back into a recession. Looking at technology, the fears are back in the market that third-quarter earnings may not live up to expectations.
The recent rally is being supported today by the strong economic numbers, which indicate that the economy is growing at a faster clip,
The jury has been out over the last week or so over whether they will indicate that they are going to pause and I think that's what's been holding back the markets.
The action is good so far, but we need to see another few days of this -- with slight pullbacks and people then buying on those pullbacks -- for this to really indicate that some sort of bottom has been set,