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Economic data continue to signal a pickup in activity, with any fiscal drag from higher taxes than a year ago offset by momentum in the housing market.
FORBES: Markets Rewind: Rally Pushes Stocks To Five-Year Highs, Earnings Onslaught Ahead - Forbes
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The AAA Foundation report was based on the most recent U.S. data available, and current generation cars, pickup trucks, vans, and S.U.V.
FORBES: In Crashes, Low Driving Speed Can Cause Serious Injury and Death to Pedestrians, Report Finds
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The better October flash PMI and September data paint a consistent picture of a likely further pickup in economic activity on the back of more accommodative monetary conditions, increasing infrastructure investment, recovering property market activity in second and third tier level cities and improving external demand, mainly in Asia and emerging markets.
FORBES: China Avoiding Crash Landing
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The data from HSBC showed China's manufacturers are seeing a pickup in both new orders and employment, signs there may be growing optimism for the sector in 2013.
CNN: China manufacturing grows at 2-year high
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Moreover, the German economy appears to be recovering faster than others, with data Tuesday showing that German manufacturing orders surged in March because of a pickup in demand from other countries that use the euro.
WSJ: DAX Hits New High