One thing seems clear - estimates going into the second quarter earnings season are currently too low.

There is the potential for noise in the employment report, but the data remains trending positively and most data favors buying pullbacks in stocks at this point.

Another canary in the coal mine from Apple as COVID-19 cases jump, but the wrong people appear to be already positioned for such, just as liquidity accelerates.

For at least the next few months, you should probably be buying dips.

The number of pre-announcements has dropped significantly, but they have also turned heavily positive, which is favorable during the slow-reporting month of June.

The "less bad" employment data on Friday is well known, but the surprise is what we are seeing from the Fed.

The coincident data is now lagging as economic activity continues to improve off the trough.

No... really... don't fight the Fed.

Industrial Production numbers are going to hit 2008/2009 recession levels... but that was so last month

The variable change by the Fed helps the bearish case, but at least we are getting to see the bottoming of some of the data.