La La Land
Unemployment claims come in at 457,000. The Fed Chief admits that the economy is "uncertain". The Beige Book shows weakness or stagnation throughout most of the country and the stock market continues to show strength.
I see no reason why a corporation sporting strong earnings and projected strong future growth shouldn't go up, but the market as a whole is heading in the wrong direction. I will never predict (except jokingly) short term market moves, but if by the end of September the S&P is above 1050 I will be very surprised.
Today, at least with the preliminary run up, the stock market can only be in one place and that's "La La Land".