Bulls Get the Upper Hand
We have dueling data this morning, but hope to resolve the fiscal cliff continues to give the bulls the upper hand. The good jobs report is being picked apart by the bulls and the Michigan consumer sentiment numbers were a big miss, but breadth is positive and there continues to be underlying bids.
Big banks Citigroup (C) and Bank of America (BAC) are helping the tone, and bounces in precious metals and homebuilders are aiding the cause. The drama surrounding Apple (AAPL) has cooled off and it isn't much of a factor today, but some big-caps like Chipotle (CMG), Google (GOOG), Priceline (PCLN), Netflix (NFLX) and IBM (IBM) are acting well....170 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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