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

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.