THE MARKET HAS ONLY BEEN RALLYING BECAUSE OF THE FED PUMPING LIQUIDITY...

The market is purely being driven by liquidity and pumping from the world’s central banks*.

*Except for a few things, such as…

Initial jobless claims that keep grinding lower.

chart

Photo: FRED

Chicago-era hiring intentions at the highest level since 1984.

chart

Photo: ISM Chicago

And a rebound in housing starts.

chart

Photo: FRED

And rising car sales.

chart

Photo: FRED

Better and better readings from the Dallas Federal Reserve.

chart

Photo: Dallas Fed

And a nice uptick in the Richmond Fed Manufacturing Survey.

chart

Photo: Richmond Fed

And a collapse in anxiety about finding a job.

chart

Photo: Reuters

And a big upswing in Gallup’s survey of economic confidence.

chart

Photo: Gallup

And a long string of positive numbers in Citi’s Economic Surprise Index

chart

Photo: Bloomberg

And, well… We could go on , but you get the point.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.