Stocks are rising for a fifth straight day, lifted by strong earnings and a lack of bad news.
S&P 500 futures are up almost half a percent, while most European indexes are posting similar gains. Asian markets also inched higher overnight.
Strong bullish momentum from the first-quarter’s 10 percent rally seems to be the main catalyst supporting equities. Huge stockpiles of cash accumulated in bonds over the last four years have been flowing into stocks since the fourth quarter, keeping pullbacks shallow–even as economic data points to slowing in the last month.
— Option Monster