Wow, what a day!  The market looked wobbly, and the bears were circling.  More rational thinking on the coronavirus and optimism about the state of the economy sparked buying and attracted buyers that had been camped out on the sidelines. Big money is going into momentum names but also seeking value in areas like Industrials and Consumer Discretionary.

Talk about an eclectic mix of winners, most have been powered by earnings or a sense of being oversold.

The State of the Union

Although the nation is more divided than ever, President Trump’s approval rating has climbed to its highest level during his presidency. 

This bodes well for the market because people feel good and will continue to participate in this rally.