Oil continues to baffle the fundamental and technical analysts. Folks, oil has completed its 3 year cycle low. Get it through your head that it’s not going back down. The market is already starting to discount tighter supply in the years ahead.
It is easy to imagine that S&P 500 rallying on very negative early week macro influences (OECD and IMF) and mostly weak data will continue to be underpinned on dips in the near term.
It was easy to spot the “Yellen Effect” Tuesday, and her very much more dovish indications than the recent opinions of other Fed members are good for the US equities.