U.S. economic indicators are gaining traction, and investors are regaining interest in the stock market. Is the safe money finally ready to come off sidelines?
Economic reports are good, not great, but good, Look for the market to find a comfort level where it discounts uncertainty about earnings reports to be released shortly.
A controlled default by Greece of a forced solution that will have its casualties will free up global investors to buy and corporate leaders to make decisions.
For a change, the news front out of Europe is positive. Money awaits on the sidelines to buy. This week's economic indicators may give them the green light.
While eyes are mostly on Greece and Iran, someone is in there buying stock. At some point , sideline-sitters will start buying, and that's when this market will hum.
Greek bailout approved, but worries continue. U.S. market needs a rest, but selected issuers will do well. Nowhere else to put your money if you want a return.
Yesterday's news of a Greek deal was unfounded. These developments could result in a weak market today, with a drop in the major indices a possibility.
Institutions are steady buyers as evidenced by advancing prices with little volatility. More buyers coming from investors switching out of safe havens.