The S&P 500 at the highest since the open, now down just 4 points to 1371.

Soft economic data and inaction from the Fed and ECB can’t whack the stock market, then I’m beginning to belive that nothing can.

Non-farm payrolls are expected +100K tomorrow. My feeling is that anything over +20K and stocks will be fine.

The optimism has spilled over to the commodity bloc. AUD/USD is nearly 50 pips off the lows while the euro languishes at 1.2187.