We have another strong day for global markets today with the Nasdaq reaching a new record high. Remember last Friday we talked about the catalyst ahead with earnings expected to have grown for the first quarter at close to 10%--a big number. And yields, though we've seen a sharp bounce from the lows of last week, are still relatively soft. Remember, the warning that the air might be seeping out of the optimism balloon has been the 10-year yield. If they come through in a convincing way that fiscal stimulus is coming, then we probably see yields back to the 2.50% area and the Trump rally for global markets resumes.

Source: Forbes April 26, 2017 02:26 UTC