"Buy the fucking lie"
First close above 2400:
Oil is rallying on the "news" that the OPEC/Russian output deal will be extended until 2018. In other words, the oil rally is just the latest reason to buy tech stocks which are making new highs. Energy stocks, not so much...
Commercial and industrial lending, considered an economic bellwether, usually pops this time of year as companies prepare for the construction season again. Instead, 2017 began with just a 0.9 percent rise in C&I transactions, a gain that couldn't offset the normal seasonal drop in credit card loans. In addition, the lending picture was hampered by an unusual decline in auto loans, which fell for the first time since banks started reporting on them in 2011.
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