I think it's the holiday season rally that's in play here,
We had the Fed minutes yesterday and inflation is definitely on the horizon again. I think the main topics today will be inflation and oil.
KB Home, even though its stock was up after hours, had orders that were down. That sector was on fire last year and since then people have taken profits and put it on the back burner.
Circuit City surprised a lot of people.
I think people always keep an eye on any kind of economic data, but there's really no catalyst in the market at all today.
This is a big week. So we'll have to see how the rest of week progresses, but the consumer number was big and we were definitely due for a rally.
It will restore confidence if these numbers come out much better than people anticipate. It's a pretty good indication of spending, especially at this time of the year.