Positive momentum is back with markets up strong this morning. There is not a lot of data today, but a surge of merger activity is heating things up. Earnings reports have also been mostly favorable, adding more investor enthusiasm. Last week's brief fade seems ancient history. Fed Chairperson Janet Yellen is scheduled to testify and that can always be market moving. Gold is getting crushed, down $30 per ounce amid a lack of demand. Oil continues it's downtrend, still trying to digest a glut of supply. Interest rates are stable, although 30 year mortgage rates due seem to be inching up. It looks like a nice positive day is in store.
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