2014 First Financial Rally

I’ll be honest here. I was a little concerned about the early 2014 equities market preparing to disappoint the heck out of everyone still riding the sugar high of their 2013 year-end returns. But it looks like the downward trend was stopped in it’s tracks. Of course, you know the Street though. You’re only as good as your last trade. Lots of rallies and headaches ahead for 2014. So fasten your seatbelt and enjoy the ride.


Wall St. scores first rally of 2014; S&P ends three-day drop | Reuters.

 U.S. stocks ended higher on Tuesday, snapping the S&P 500’s three-day losing streak to give the benchmark index its first positive session of 2014.

A sharp decline in the U.S. trade deficit and upbeat German data helped improve market sentiment as the data pointed to strengthening economic fundamentals in both the United States and Europe.

“One way or the other, (the data) is all pointing to the story about how it might still be tough, but things are starting to point to better days ahead,” said Ken Polcari, director of the NYSE floor division at O’Neil Securities in New York.

 

“Overall, if you look at the broader picture, it does feel like it means it is starting to move ahead.”