All major indices are in the green today, but well off their lows, after Q2 GDP came in at consensus of 3% and above the 1.6% reported last quarter. The Russell 200 leads the indices, up 0.93%.

The market is edging further into Greed territory today and about to cross over to Extreme Greed.

Fed members are out again.

Yellen is also there laying it on thick.

YELLEN: APPEARS TO BE AN EXPECTATION AMONG FED THAT RATES WILL COME DOWN FURTHER

YELLEN: LAST MILE ON INFLATION IS HOUSING

YELLEN: BANKING SYSTEM IS WELL CAPITALIZED

YELLEN: LABOR MARKET, INFLATION SUGGEST WE'RE ON A PATH TO A SOFT LANDING

Only three sectors are in the red today, with Energy (XLE) down the most, losing 1.65%. The biggest winner by a large margin is Materials (XLB), up 2.01%.

New orders for durable goods for August were unchanged from July, when orders surged up 9.8% m/m, and beating consensus of -2.6%.

Initial Jobless Claims dropped by 4,000 from the previous week to 218,000, below expectations of 225,000.

Pending Home Sales rose 0.6%m/m in August after hitting an all-time low in July, but missed consensus of +1%. Regionally, the Midwest, South and West reported gains while the Northeast reported a decline.

The Kansas Fed Manufacturing Index came in at -18 in September from +6 in August, marking the lowest reading in 14 months.