John Apruzzese, chief investment officer at Evercore Wealth Management, told the Wall Street Journal that the outlook for U.S. stocks continues to improve.
"Most of the economic numbers, with the exception of jobs, seem to be on the increase, giving the market a positive tilt, he said in an article on market conditions titled Dow Industrials Climb To 17-Month High. "The expectations for corporate profits continue to go up on a weekly basis," he added.