The market was poised to stumble this morning but over the weekend the doomsday crowd got excited.  Interestingly, one of the biggest doubters throughout this rally keeps coming around.

Mike Wilson, who had dug in against this rally, now suggests the S&P 500 could rally to 6,500 over the next twelve months.

Speaking of which, we saw animals’ spirits in the Housing Market. The index climbed to its higher level in seven months.

November HMI came in +3 against consensus of -1 and all components climbed. This is the kind of animal spirits I’m seeing everywhere.