Come on Santa

Yesterday Nike’s earnings beat Wall Street’s expectations. This morning the third quarter revised GDP number is due out at 8:30am. Also this morning the Conference Board will release its report on leading indicators at 10:30. If these numbers come in at good levels, we can see a continuation of the Santa Claus rally that was underway for December. The Dow was well into record territory early yesterday before the record run was cut short yesterday. Good numbers can change all that and spur on further records well into the New Year.