On Tuesday, the markets moved higher as the Federal Reserve Board begins its two-day policy meeting in Washington.
After today's market close, Apple reports its highly anticipated third quarter earnings results.
Jim Cramer: Today's a Gloom Busting Day
"We keep forgetting that the economy is strong. On the eve of the results of the two-day Fed meeting, we cannot forget that employment is robust and the gross domestic product of the previous quarter wasn't supposed to happen. Other than a few people in the administration, especially Larry Kudlow, the chief economic adviser to the President. I didn't hear much talk of a 4% gain until quite recently," writes TheStreet's Jim Cramer.
"We overlook this number and the strong employment in the country at our own investment peril. When we hear that wages are going up at companies where it is hard to find workers we can bemoan the gross margin degradation that paying up breeds. Or we can say, okay, where will those additional dollars go? What will previously thought to be unemployable people, including those released from prison after paying their dues - another constant theme right now - do with their newfound cash?," Cramer asks.
"I think it makes a strong case to go back and look at retail."
Apple Earnings May Raise More Questions"I'm an Apple ( AAPL) bull," says Real Money Pro columnist Ed Ponsi. "Like many of you, I've been long the stock for years, and I consider it a core position. I'm sure many of us feel a little trepidation as we head into Tuesday's earnings report."
"At this time, I have no intention of selling this stock, regardless of what happens after the close today. However, due to circumstances, even a strong second-quarter earnings report could raise more questions than answers."
Tesla Reports Earnings on Wednesday: 5 Key Things to Watch
"All of that guarantees Tesla's Q2 earnings report and call, due on Wednesday afternoon, will get even more investor and media attention than the electric car maker's reports usually get."