From Pragcap.com: Random TPC Thought: Lots of Bullish Catalysts?

Our friends at the Pragmatic Capitalist write:

As the can’t lose market continues to power higher I just can’t help but think about some of the catalysts that lie in our path over the next 24 hours.  Investors have been front running the current earnings season with very bullish expectations and the next 24 hours could prove them right as Intel and JP Morgan are set to report.  In addition,the commerce department is set to release their monthly retail sales report tomorrow and current low expectations could add fuel to the bullish fire.

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They are expecting a strong showing of risk appetite tomorrow, citing better than expected earnings and Bernanke’s zero interest stance as the catalysts. If this proves to be true, look for the S&P to break past 1200.
This would be an enormous boon for risk AUD, and would bring a nice rally in the carry trade. While today’s price action in US equities showed 1200 as a still unreachable target, it came right back up to that mark at the end of the day. This is quite promising for those looking to take a bite out of the risk apple.