But there is going to be a little skittishness going into tomorrow.
And we're still seeing profit taking in some of the higher-multiple names such Apple. Money is also flowing out of the energy sector once again as it has done throughout the week.
Energy is trading off a bit, and I think that helps the other sectors in terms of it alleviates a cost for a lot of companies. Health care is doing well on the back of Bristol-Myers news, and also Boeing (is) getting another order.
Economic growth has been modest but positive, but what does it mean in terms of Fed action? Too strong of data is almost going to be viewed as a negative, especially if it's showing an overheated economy.
Tech is once again leading the market; there's definitely money flowing into the sector. There's the belief that the corporate spending cycle is going to pick some steam.
The market is really waiting for a little relief in terms of interest rates moving higher. Once we get that relief of the Fed being done, you'll see the market start to concentrate on fundamentals and the fact that we're still going to see pretty good earnings growth this year.
If the number had been too strong, people would translate into the fact that the Fed would have to raise rates over a longer period of time.
Dell, in terms of the outlook number, (is) definitely pulling down not only that stock but technology in general.
Inflation is once again confirmed to be not much of a concern and well under control outside of the energy sector. That's helpful. It takes a little bit of pressure off the possibility of the Fed going much beyond another two rate increases,
In general it's going to be that type of week where the number of the day dictates the market.
