What's a win for the bulls? A market that does kind of nothing. The only things we have, the only benchmarks, are the hoopla around Snap (SNAP) , the earnings of Burlington Stores (BURL) and Broadcom (AVGO) , the numbers from Shake Shack (SHAK) , the incredibly low jobless claims and a decline in bonds -- or a rise in yields.
Altogether, these signposts don't give us new information from yesterday, but the fact that we haven't given up the ghost tells us that yesterday was a stronger rally than we thought.
Oh and to be sure, even as Twitter (TWTR) is up nicely from its $17 IPO price, it is not outrageous -- which is good for the market. The higher it went, the more we would have to hear about bubbles and the more we could expect people to sell.
My only suggestion: Use the relative weakness in Broadcom to start a position at a price that might turn out, not that far from now, to be cheaper than we thought.
