Where's the motivation to drive stocks higher?. I thought that we could have done better, but there was no real motivation to move things higher or lower. |
With earnings winding down and not as much to focus on, you're getting very volatile reactions to economic numbers that are actually pretty close to estimates. You're also seeing some of the defensive names that are dependent on an economic recovery trading lower. |
You can build a case for an economic recovery, and you can build a case for earnings being much better in the second half of the year. |
You're seeing a knee-jerk reaction to the tremendous gain in energy prices. It's also a reaction to the contrived gain on Friday. |