Not just sentiment, US unemployment curve has just passed the inflexion point, markets normally bottom before this.
US housing and commercial market stabilising: eg ABX, CMBX etc indices now rising. These have factored in to some extent 10+% US unemployment and high vacancy rates for commercial.
Metals strengthening due to continual stock drawdown, especially Copper: China stocking, or just their smokescreen in attempt to keep metals cheaper? Their car sales keep pulling ahead to all time highs, now significantly higher than US.
Europe's M3 shows signs of bottoming. Plenty more on list.
However, do think this could just be continuation of wave B up, with lower C down to go, especially if unemployment gets worst than modelled, ie up to or beyond 12% for US, and/or Chinas private sector doesn't gain traction, seems only their state run companies are chugging along well due to stimulus.
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dow closes up +96.53 (+1.15%), plus chart, page-8
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