For the last several weeks, the market has been falling down, but after the “fed speak” earlier this week, it came to life with a booming day. The market could go higher, although I think it is unlikely.
The market came back significantly today given the jobs number, but I wouldn't hold my breath. Most everything was up, so the drivers were clearly macro. While the economic metrics are generally ‘full steam ahead”, remember that the market leads the economy.
