The market is in broken-record territory. Every day it’s the same. New highs. New highs. Rinse. Repeat.
Asia was particularly strong overnight, with Hong Kong gaining 1.7%, the Nikkei up 1.7%, and Shanghai up 2%. Europe was up as well, though a bit less so, and early futures action is pointing higher in the US.
The market seems to be shrugging off the less-than-stellar earnings report from Oracle (ORCL) last night, which missed meaningfully on the top-end, suggesting that a corproate spending rebound isn’t such a sure thing, or at least isn’t being felt by everyone.