Looks like the stock market has gotten off on positive footing after yesterday's broad-based decline. We're seeing gains in eight of 10 S&P sectors. The data that came out so far was pretty much in line with expectations. Looking ahead, investors will be keeping an eye on auto sales.

Michael Sheldon

Related Quotes

When the central bank came out and said they're going to drain liquidity over a period of months, that was a catalyst for investors who have avoided the stock market to put some money back in.

— Michael Sheldon

BankCentralDrain

February has historically been a lackluster month for the stock market.

— Michael Sheldon

FebruaryHistoricallyMarket

The optimist would say we're in the early stage of a broad rally, the pessimist would say this is a dead-cat bounce and markets are going to head lower as oil heads toward $50 a barrel.

— Michael Sheldon

BroadEarlyOptimist

The economic data over the next several weeks are going to be difficult to interpret, and it'll be interesting to see how the market reacts,

— Michael Sheldon

DataDifficultEconomic

Historically, the three-month period before the Fed goes on hold in the rate hiking cycle, stocks have performed well and that carries on for the next 12 months,

— Michael Sheldon