Profit growth seems accessible and coherent with economic growth.
Mergers and acquisitions are a motor for stocks. This is supporting the market. The financial environment is historic for takeovers. Interest rates are low, and companies have reduced debt and built up a lot of cash.
It's a new sign that M&A is taking off on a grand scale. This is a powerful motor for stocks.
It's an industry with big long-term potential. Demand will continue to increase along with development in the world.
The theme of mergers and acquisitions is going to remain a real motor for stocks. No industry is sheltered from it. Today is another demonstration of that.
With economic data better than expected, the Fed could continue to increase rates. If the Fed goes beyond 5.25 percent, it would be negative for stocks. If it doesn't, the stock market would find a new burst of energy.
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