Wall Street's most bullish strategist cites a 'big surprise' pushing stocks higher: Morning Brief

— isn't just more optimistic about earnings and the Fed's path, but surprised at how skeptics have been washed out during this year's rally.

"We're not saying that there's not some fast players on the move in the day to day and week to week action or deny that some froth exists in some corners of the market," Stoltzfus wrote, "but rather that the hot market stuff thus far looks to have been offset by a broadening of the current rally across sectors, styles, and market capitalizations providing offset to 'irrational exuberance.

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Stock market today: US stocks mixed as Wall Street watches and waitsStocks have lost momentum as investors regroup after the tumultuous run-up last week and as focus sharpens on the health of the US economy.
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Stock market today: Wall Street pulls back from its record after a shaky dayNEW YORK (AP) — Wall Street pulled back from its record heights following a shaky day of trading, putting at least a temporary halt to its huge rally since Halloween. The S&P 500 slipped 0.7% Friday from its all-time high.
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Stock market today: Wall Street drifts near its records amid a worldwide market lullNEW YORK (AP) — Stocks are drifting around their records on Wall Street, as a lull carries through financial markets worldwide. The S&P 500 was little changed in early trading Wednesday, a day after setting an all-time high.
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