Is the economy (finally) picking up steam?

I'm going to answer this question with a firm "I think so"!

The PMI manufacturing index for January came in very strong (good analysis of how strong is here).

Even though the fourth quarter growth estimate was an unspectacular 3.2%, real final sales last quarter grew by over 7%.

The stock market had its best January in over decade.

The ADP jobs report from yesterday came in at 187,000 new private, non-farm jobs.