Raider's Rally: Is Wall Street Finally Escaping the Tomb?

Tomb Raiders of Wall Street: A Market Resurgence?

Right then darlings! It appears even Wall Street has decided to dust itself off and join the land of the living. Like me after a particularly nasty fall into a pit of spikes the S&P 500 spent most of Tuesday seesawing unsure if it wanted to play dead or not. But around 1:30 p.m. ET something shifted – perhaps someone finally found the hidden lever – and the market surged. Every sector in the S&P was sporting green like they were auditioning for a jungle expedition. Talk about a late rally! It seems they're channeling my inner grit clinging on for a sixth consecutive day of gains. "The S&P 500...it's a tomb raider's dream!"

Tariffs and Tantrums: The Economic Maze

Of course no treasure hunt is without its traps. Corporate earnings reports are flowing in like sand through an hourglass and it's a mixed bag. Some companies are bravado filled claiming they can dodge the cost impact of tariffs like I dodge bullets. Others? Well they've pulled their full year guidance faster than I can say 'Natla'. Economic uncertainty is the name of the game and even I'd prefer a temple filled with T Rexes to this…almost. Still the market's eyes are glued on those elusive trade deals. Fingers crossed we get a breakthrough or we might as well be trading beads for gold.

Wells Fargo's Wells of Fortune: Stock Buyback Bonanza

Now this is a plot twist I can get behind. Wells Fargo once about as popular as a snake pit has suddenly found a golden idol. Their shares bounced above $70 for the first time since April and it's all thanks to the board approving a $40 billion stock buyback. That's right $40 billion! It's like finding a treasure chest overflowing with gold doubloons. This represents about 17% of the company's market capitalization. Looks like someone's been busy raiding… wait for it… their own coffers! They’ve also been tidying up their compliance like they're prepping for a visit from yours truly – closing consent orders left and right. Only three remain including that pesky Federal Reserve asset cap. But I reckon it's a 'when,' not 'if' situation. After all every curse has a cure darling.

Earnings Season: Spotting the Golden Goose

Hold on to your hats because the earnings reports are coming thick and fast! Starbucks reported after the closing bell and everyone's watching for signs of progress in CEO Brian Niccol's turnaround plan. Will they rise from the ashes like a phoenix or stumble like a newbie in a tomb? Other players like Visa Booking Holdings and Snap are also stepping into the arena. And tomorrow? Caterpillar Airbus and even Mercedes Benz are throwing their hats into the ring. Time to separate the wheat from the chaff darlings or as I like to say the gold from the fool's gold.

Data Dive: Deciphering the Ancient Prophecies

But wait there's more! A veritable avalanche of economic data is descending upon us – the ADP national employment report first quarter GDP and the Fed's favorite inflation gauge the PCE price index. Deciphering this data is like reading ancient hieroglyphs. The headline index is expected to be flat with a measly 0.1% increase on a core basis. Let's hope these numbers hold more secrets than just stagnation or we might all be better off searching for Atlantis.

Cramer's Compass: Following the Treasure Map

And finally a little word on the CNBC Investing Club with Jim Cramer. Apparently if you subscribe you get trade alerts before Jim makes a move. He even waits a respectable amount of time before buying or selling in his charitable trust’s portfolio. I must say even I appreciate a measured approach to treasure hunting. Now if you’ll excuse me I have a pyramid to plunder... I mean investigate. "I make my own luck."