Economy is improving
"Economy is Improving"
"There's growing confidence that the economy is improving. You look at the tax cuts, the fact that we're going to have low interest rates for a while, and the weaker dollar. The ISM number adds to that confidence," said Rich Nash, chief market strategist at Victory Capital Management in Cleveland.
"We're getting so much stimulus from the tax cut, low interest rates and the weakened dollar, which should be driving a lot of the economic engine in the U.S.," said Peter Dunay, chief market and options strategist at brokerage Wall Street Access.