Stock Market Rally Gets Corporate Support

Stocks have been rallying earnestly since the turn of the month, and yesterday morning I said we are about to see the next push higher thanks to Fed inaction. Today that push got another leg of support from strong earnings reports by market leaders. The earnings of major index participants Amazon (Nasdaq: AMZN), Alphabet (formerly Google) (Nasdaq: GOOG, Nasdaq: GOOGL) and Microsoft (NYSE: MSFT) will give this rally strong support Friday. Investors should have liquidated their volatility hedges long ago on my guidance and been long since late September. Next week’s Fed push should provide the final release for stocks to climb even higher through November. See the full report on the stock market rally here.

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