Almost all of the recently released economic reports have been positive for the economic outlook

Almost all of the recently released economic reports have been positive for the economic outlook…Yesterday’s equity market rally is momentary evidence that investors are more relaxed about buying. How many times have we talked about volatility and uncertainty? It is increasing in magnitude now. A lot of the trepidation that dominated in January has lessened. How long it will be sustained is of course, data dependent. Our technicals, as we have been noting have lost a lot of the momentum we had in Jan and early this month. Crude oil has settled down and presently not much of a concern to traders. Lots of bullish comments now, stocks up. Good jobs today; if Friday’s BLS data mirrors the ADP data the Fed will be back in play on debates of a rate increase in two weeks. Probably won’t happen but the clock is ticking; if the economic outlook remains upbeat the Fed has a short window to move. There isn’t likely to be any Fed movement after August this year. All of this depends whether the economy is growing; we don’t believe it is and still look for lower rates this year…click here for more news