Here are some quick market thoughts:  Asia up strong, Europe currently down but they had a strong day yesterday. Futures are very green at the moment, probably due to positive earnings from Texas Instruments and Travelers.

Two indicators can derail the positive mood however: the Case-Shiller home price index coming out at 8 ET and the Consumer Confidence / Richmond Fed Manufacturing Index one hour later. Bad numbers are priced in, but if they come in way worse than expected they may derail an advancement for a while.

Interesting will be to see the market’s ability to absorb $ 245 billion of commercial paper that companies sold to the Federal Reserve which needs to be rolled this week.