We've got the new homes number coming out, but the market is a little oversold right here.
More Quotes from 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
He is going to dance around the weeds a little bit, calling for the Fed to be data-dependent.
Alan Rose
The market is just a little bit sold out -- in the bigger picture I don't think anything has changed today.
Alan Rose
People who had been buying the front end and selling the back now have trades they don't like.
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
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