Trifecta Of Good Data Puts Animal Spirits In High Gear Again To Buy Stocks
1. Stock market crossed above breakout line post-CPI data release. 2. Cooler core inflation encourages aggressive buying despite hot headline CPI. 3. Positive earnings from major financials bolster market sentiment for S&P 500. 4. Bonds recovering from oversold conditions may support a stock market rally. 5. Aggressive buying amidst favorable economic data indicates short-term optimism.