The market is just a little bit sold out -- in the bigger picture I don't think anything has changed today.
More Quotes from Alan Rose:
We've got the new homes number coming out, but the market is a little oversold right here.Alan Rose
You got a little bit of buying because of the non-defense capital orders ex-aircraft, but now there's not much going on. There are really no flows.
Alan Rose
People are thinking he's going to drive funds higher than is currently priced into the market. He's going to drive this curve to a pretty deep inversion.
Alan Rose
The market was at pretty lofty levels and needed good news to stay at those levels and we didn't get it.
Alan Rose
He is going to dance around the weeds a little bit, calling for the Fed to be data-dependent.
Alan Rose
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