Major averages rose strongly yesterday on higher volume though bio-techs got hit after Trump said he would aim to lower drug prices.
Futures rallied on news that the European Central Bank held its key rates steady but said it would reduce its QE program in April from €80 billion to €60 billion ($64 billion) in bonds until the end of December 2017, while leaving the door open for an extension of QE “if necessary.” This suggests the ECB is seeing improvement in its economic outlook while erring on the side of caution to keep the stimulus door open "just in case".
It's possible the economy is in better shape than some think due to the tipping point shifts brought on by technology. Existing paradigms are undergoing major shifts whose pace is accelerating in jobs, college, education, finance/banking, social structures, govt, medical, bioprinting via AI, VR, DACs, DAPPs, hyperconnectivity, quantum computing, and cryptotech. Indeed, the dematerialization (for egs, expensive high end technologies now come standard with a smartphone) and demonetization (for egs, Napster was the first to demonetize the music business while Skype demonetized long distance calls) taking place via disruptive technologies is a runaway locomotive that only a few see... for now.
These paradigm shifts are leaving slow-moving governments in the dust while the individual is being empowered to be self-reliant (think Amazon Studios, Uber and its spin offs, Airbnb) often via collaborative and cooperative efforts.