Salient to Investors:

Chad Morganlander at Stifel Nicolaus there is a positive tone to the market in part because of belief that the Fed will continue to press on the gas.

74 percent of the 273 S&P 500 companies so far reporting beat earnings estimates, 55 percent missed sales estimates.

Paul Mangus at Wells Fargo Private Bank said earnings visibility is good and sees indications that earnings momentum will pick up in future quarters.

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