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.
Chicago-era hiring intentions at the highest level since 1984.
Photo: ISM Chicago
And a rebound in housing starts.
And rising car sales.
Better and better readings from the Dallas Federal Reserve.
Photo: Dallas Fed
And a nice uptick in the Richmond Fed Manufacturing Survey.
Photo: Richmond Fed
And a collapse in anxiety about finding a job.
And a big upswing in Gallup’s survey of economic confidence.
And a long string of positive numbers in Citi’s Economic Surprise Index
And, well… We could go on , but you get the point.