The markets continue their torrid pace and why not with Intel reporting their best quarter in their history. This should bold well for the other tech titans such as IBM, Hewlett-Packard and Dell. The markets were telling us something last week when it surged over 5% in just 4 days. I would like to see other sectors such as the retail and energy space demonstrate such an earnings punch for then we can begin to see a much broader recovery in the works. Keep in mind the upcoming mid-term elections could be the 2nd catalyst that lifts these markets further. I will try not to get too excited yet for there are still several macro economic concerns to contend with, however let’s embrace what is in front of us and hope to continue to see corporate strength and begin to see some meaningful job growth.
All the best.