(1) Slow, but steady. (2) Below-average expansion could last longer than average. (3) Forward earnings is a very upbeat leading indicator. (4) Other good omens. (5) Regional business surveys and flash PMIs are strong. (6) Young adults are more optimistic. (7) Profits driving capital spending higher. (8) IT revolution increases bang per capital-spending buck. (9) Transportation stocks outperforming ytd. (10) Focus on overweight-rated S&P 500 Industrials.
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