Comentario en la misma linea de ayer .... .... demasiado referenciados a datos macro ...
Stocks Surge As Markets Look To Put The Correction Behind It
The markets rallied sharply on Monday, after just as sharp of a rally on Friday.
Within the last 2+ weeks, stocks have retraced more than half of the correction from a few weeks ago, and are poised to close that difference in earnest.
As mentioned before, strong economic reports, a thriving economy, transformational tax cuts, surging corporate profits, and record consumer confidence, all continue to underscore this historic bull market.
In other news, New Home Sales slipped to 593,000 units (annualized) vs. views for 640K. Although, the previous two stellar months saw their sales revised up by a total of 25,000 more than previously reported.
The Chicago Fed National Activity Index came in at 0.12. That was down from the previous month's 0.14 and the consensus for 0.20. But analysts noted that strength in employment, sales, and orders & inventories were all contributing factors to another positive print.
And the Dallas Fed Manufacturing Survey jumped up with the Production Index rising to 27.9 from the previous month's 16.8. And the General Activity Index increased to 37.2 from 33.4. This was the strongest reading since this bull market began. Analysts noted that shipments were also at expansion highs, while 'unfilled orders continue to pile up' as incoming new orders remain 'very strong'.
More good news for the economy and the market.
So let me repeat my closing comments from yesterday: stay bullish, buy the dips, tune out the naysayers, and position yourself for what looks to be historic gains to come.
