The U.S. market, in aggregate, is up more than 9% this year.
This is mostly a product of solid earnings reports for the fourth quarter. But there has still been some level of volatility in 2019, and there's more expected, as the trade truce ends in March, and trade and tariffs have no real direction until another agreement is reached between the U.S. and China.
General Motors Co. (GM - Get Report) reported earnings that beat estimates Wednesday, which moved shares of the automaker up 1.73% to $39.98 a share. North America sales were strong. But this didn't move the market up at all.
Both the S&P 500 and the Dow Jones Industrial Average were slightly lower Wednesday. There's a s clear argument for both bulls and bears right now, as mixed signals have hit the market of late.
"Frankly, investors can see what they want to see," said Mike Loewengart, vice president of investment strategy at E*Trade. "Those who are bullish are pointing to strong economic data and an accommodative Fed, which is reminiscent of the Goldilocks scenario that we enjoyed at the height of the rally," he added. And "bears are seeing pockets of softness in stagnating sales numbers, as well as analyst downgrades and lower price targets."
Of course there's also been tons of great earnings reports and tons of weak economic data, furthering the idea that both the bulls and the bears have a point.
Walt Disney Co. (DIS - Get Report) , which beat earnings expectations, was RealMoney's stock of the day. Kevin Curran writes, amidst all the noise, maybe Disney should consider exposing its business to sports betting.
Watch today's Jim Cramer NYSE show replay below