On Wall Street Trading Desks, Here's What They're Chatting About Today

Dave Lutz of Stifel, Nicolaus passes along the top stories that people are talking about today.

We summarize in bullets.

• Markets not really going anywhere, except in China, where markets soared thanks to better-than-expected industrial profits.
• In the meantime, the S&P 500 is on an 8-day win-streak.
• Shinzo Abe gives speech about the 2% inflation target.
• Swiss Ministers say strong Franc is still a concern.
• Fed like to keep the monetary "spigot" open this week, according to WSJ's Jon Hilsenrath.
• Hedge funds increase commodity long bets at the fastest pace in 6 months.
• The lockstep moves in global stocks are breaking down.
• More signs of housing recovery: Sales of air conditioners/furniture/etc. are growing.

For more on what's going on this morning, see the 10 things you need to know >