Is the US stock market inhaling or exhaling?

Market Pulse: May 21

Fundamentals

The S&P is up today as this weekend we heard comments from China that it stands ready to provide stimulus to its economy. Chinese leaders pledged to focus more on bolstering growth. The stock market likes this. Also from Europe, France and Germany agreed that they will do everything necessary to ensure Greece remains in Europe’s single currency. Will this be enough as the EU leaders meet yet again in a Brussels summit scheduled for May 23? They put these summits together so fast. Most of these leaders are in Chicago today for NATO. 

 

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