What's Really Driving Stocks Higher?

The video discusses the recent market rally driven by positive jobs data, which improved economic outlook without prompting Federal Reserve action. It highlights the performance of economically sensitive sectors like financials, industrials, and technology, contrasting with the underperformance of defensive sectors such as utilities and telecom. The video also questions the sustainability of the rally without bank stocks, given their significant drop since 2006. It notes the impact of low bond yields and the influx of investors into non-bank stocks, particularly low volatility and quality stocks, with a focus on dividend payers and recent earnings from Alcoa.

What economic data was mentioned as a catalyst for the recent stock market rally?

How did the performance of economically sensitive sectors change compared to earlier in the year?

What is the significance of bank stocks in relation to the overall market performance?

What factors are contributing to the influx of investors into stocks other than banks?

What was the market reaction to the earnings report from Alcoa?