The Bull’s Backers

(1) More tapering ahead. (2) S&P 500 highly correlated with QE and lots of other variables. (3) Buybacks driven by forward earnings and corporate bond yield spread. (4) Another big week of corporate bond issuance. (5) Last year was a record year too. (6) NZIRP, not QE, driving buybacks. (7) FOMC’s forward guidance will be updated at next meeting. (8) Gallup says married couples with kids spend more than childless singles. (9) As many singles as married people for the first time ever. (10) Plenty of positives for consumer spending for now. (11) Mixed global signals. (12) Focus on overweight-rated S&P 500 Transportation industries.