"This is one of those rallies that not only has taken people by surprise but continues to roll, and we're seeing major gap-ups. ... We're seeing major gap-ups in the morning — highly unusual. 1980s action ... We've got some incredible breadth. We have a Fed that is completely on the side of the bulls. We have a president who wants new highs. We have stocks that are recovering well ahead of the fundamentals, but some people could say, "That's what should happen." ..
Jonathan Golub, U.S. equity strategist at Credit Suisse, says the comparisons are favorable for the market. "All of what I would call the sequential data, the stuff that's coming out — let's say the jobs report versus the last jobs report, or the miles driven or retail sales and comparing it to what happened last — they're going to look off-the-charts great and you're going to see improvement everywhere. And I think that that's going to give a near-term additional boost. The reality, though, is you have to ask a different question.
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