Until there is a positive indication in economic data that the economy is slowing down, the Fed has to stay ahead of the curve.
If the CPI core rate shows not much of a rise then the market will be able to just focus on good earnings. It will show that the Fed is staying ahead of the inflation curve, which is a positive for the market.
There are so many positive factors that led to today's rally. Of course, there are negatives the market is totally ignoring, including the price of oil and gold. Ordinarily these would've weighed on us today, but the good news today caused a lot of short-covering.
The deal is positive for the market as it helps clear the air. Obviously, restrictions are going to be tighter in the future.
UAL is certainly a negative for the market, but the news wasn't entirely unexpected. You're also seeing a combination of other negative corporate news and jitters ahead of tomorrow's November jobs number, despite the positive weekly numbers this morning.
We had some positive earnings reports, but I think the fact that we had jobless claims that were above and beyond what was expected derailed some enthusiasm,
You would think on a day when the bond market is very weak and the dollar is collapsing that technology would be weak. But, the weaker dollar is being interpreted as positive for the sale of technology abroad.
This is positive in the sense that central bankers believe the global economy is strong enough to raise rates to contain inflation.
A bear market is just the opposite of a bull market, when everything that's positive seems to turn into a negative and stocks continue to fall.
That's positive for the market, because consumers feel the economy is going well. After yesterday's (Monday's) declines, people are coming back into the market and earnings are good.
Not everybody is getting the check at the same time, but of course it's a positive for the economy. However, it's already in the marketplace and we'd have to see it show up in the (economic) numbers or nationwide polls.