The leadership if there is any is coming from retail and particularly the teenage apparel sellers. Abercrombie & Fitch (ANF) got the ball rolling with its numbers but is now pulling Urban Outfitters (URBN), American Eagle (AEOS), and Quicksilver (ZQK) along on the ride. While its cloths are not as trendy, the Gap (GPS) stock has a very sassy looking short term pattern going so maybe it will hop in on the rally too.
Was probably a better trade for the morning but I mentioned these stocks a while back so I am flagging them again.
It is difficult to see how this fits into the global inflation or deflation picture other than to say that certainly the mall shopping portion of the population has money.
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