Well, for once the economy got a bit of good news, and the equity market's initial reaction to it seems positive. The GDP just came in at 5.7%, the high end of estimates, and the /ES – which had been down to nearly 1070 during the night, is at about 1087.50 as I'm typing this, up 8.50 points.
I think the market is definitely due for a bit of a breather, although I'd appreciate it if the PTB kept it below the weekly high of 1103.50.
