The way GM is trading and is going to multi-year lows, that never is a big psychological positive for the market.
More Quotes from Chip Hanlon:
We're starting to get little pockets of softness, which causes people to worry about (the Fed) going too far and causing recession.Chip Hanlon
He's going to find it difficult to distance himself from his printing press comments.
Chip Hanlon
With the president, Republicans are of two minds. With national security, there is a level of content. But with economics, there is a general level of discontent.
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There was a little bit of excitement at the open, and then later, a little concern as to whether there is really going to be enough economic strength to take things higher. How much longer can the Fed keep hiking rates and economic growth continue
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With the way the precious metals and the oil continue to soar, I think the market may be just a bit worried that the Fed may signal it indeed has a little bit of work left to do.
Chip Hanlon
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