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Takeaway: The US economy continues to recover with housing and labor markets leading the pack. Consumption = growth = upside surprise.

Today the Dow Jones Industrial Average surpassed its all-time high of 14,164 made back in 2007, reaching 14,272 intraday. Last week, Hedgeye Director of Research Daryl Jones appeared on CNBC and laid out our bullish case for US equities. With the Dow making new highs today, our bullish thesis is stronger than ever and we expect stocks to continue to climb higher as the US economy grows along with the labor and housing markets.

DJIA: All-Time High - dow