Stocks reversed course and rallied almost as much as they declined Friday.
What caused this change of mood?
Nothing in particular although some have suggested earnings from tech companies would be good thereby providing optimism for bulls.
First up, stock buyback king IBM will lead-off followed by others. (The company reported its 12th consecutive quarterly revenue decline as stock buybacks allow for earnings growth.)
Another positive was China moved to ease credit once again allowing another fear being removed for bulls.
Oil prices moved higher which lifted energy sectors as the U.S. sent more warships to confront Iranian vessels threatening to ship arms to Yemen rebels. Oh wait, isn’t that an obvious confrontation and geopolitical