The payroll data Friday is going to be the big swing factor. Ahead of that, I would expect that we could drift a little higher, but nothing too substantial.
More Quotes from Tom Schrader:
We had a great run and I think it's time for a little pause as we reflect.Tom Schrader
It might be tough to keep up this pace, but the gains will probably continue. People are definitely putting money into stocks.
Tom Schrader
This is more or less a continuation of the October effect. Since about mid-October, we've been rallying and that's traditionally the time you're going to see that. We've had some nice earnings reports in the last week supporting a rally and we're probably going to continue to see that.
Tom Schrader
There's not a lot happening ... it's just really, really quiet. You might see this kind of action through Labor Day. Typically, this just isn't a good time of the year to put money to work.
Tom Schrader
You're going to see increased volatility through the end of the week, and it's probably going to be even worse Friday,
Tom Schrader
Sentiment had gotten so bad. People are wanting to start get back in.
Tom Schrader
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