The Citi surprise index and market breadth have been very strong, so it is hard to argue against this market rally; however, the Atl FED GDPnow was just revised down sharply.
I think these mixed economic signals are confusing but perhaps irrelavant. As long as world central banks keep pumping in money, and especially as interest rates go negative, besides gold, the primary safe haven is the US dollar and the tiny BUT POSITIVE yields on US bonds.
And finally, with bearishness still high (bullishness low), who is left to sell? When there are no sellers, the market has only one way to go. As I watch in disbelief, I realize the sky could be the limit. If you're not familiar with Martin Armstrong, he's had a very good forecasting reputation...
Disclosure: I am/we are short THE MKT VIA TZA IN A VERY SMALL WAY (IE, MOSTLY JUST OUT THE MARKET).