Rumor of bullish Yellen remarks may be boosting stocks

|By:, SA News Editor

Just maybe giving a bid to equities in afternoon action is loose chatter of Janet Yellen's prepared remarks for tomorrow's Senate confirmation hearing being released this evening ... and that those remarks are bullish for stocks. Neither the Fed nor a spokesman for the Senate Banking Committee would comment on the speculation.

The S&P 500 (SPY +0.5%) is more than 1% above its earlier lows.

S&P 500 ETFs: SPY, SH, SSO, SDS, IVV, SPXU, UPRO, VOO, RSP, RWL, EPS, BXUB, SFLA, TRND, BXUC, BXDB