Markets Ahead Of Economic Data

The market really is meandering, which isn't surprising considering it's the second week in August, and we have gotten all the most important economic data of the month.

Financials act good, but so do pockets of technology, including semiconductors. That's helping NASDAQ remain buoyant.

History tells us volatility should be ramping up, but it hasn't yet.

Bond yields are a little higher than this today, but it is still low in the grand scheme of things. 

This is really a good session. Major indices are hanging tough, and around all-time highs, looking for the next spark. We are not forcing the issue this afternoon.