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Stocks had another sleepy session on Monday hanging around breakeven most of the day. Yet still we are less than 1% from hitting the next magical level at 2200.
We've been in this same neck of the woods for the last two weeks. So it makes one ponder what it will take to finally touch 2200.
1) New positive catalyst
2) Lack of negative catalyst
At this stage I would say #2 is all that is needed. Meaning there are plenty of positives still around in economic data + low bond rates + the dollar has eased back from recent gains. This equation should equal more gains on the way unless some new piece of negative information surfaces to send stocks back lower.
Adding it all up, we should be touching 2200 shortly.
Best,
Steve Reitmeister
Executive Vice President, Zacks Investment Research
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Stocks had another sleepy session on Monday hanging around breakeven most of the day. Yet still we are less than 1% from hitting the next magical level at 2200. 
