Giovanny Moreano is a Quantitative Analyst at CNBC.
Yesterday was not a typical Sunday. People from around the globe were reminded of one of the most important natural resources that life depends on: water. The vital role that water plays in economic development and future investments along with the possible repercussions due to its scarcity are amplified on World Water Day.
As of midday Tuesday, all major indices are up 4 percent or greater. If the rally holds, the S&P 500, Dow, and NASDAQ Composite would be poised for their biggest percent increase since late November of last year.
The latest jobs data show the economy added 203,000 jobs in November, while the unemployment rate hit a five-year low.
A strong sell bias continues among company insiders across the market, as stocks breach trough historic levels.
If history is an indication, the stock market could extend its rally into December.
Even with the sharp gains in stock prices this year, 70 percent of the Dow components still offer dividend yields greater than 2 percent.