There's pent up optimism that the next couple of quarters should be OK for corporate America and the economy because the interest-rate environment has stabilized.
More Quotes from Jay Suskind:
There's not much players around. Buyers are mostly absent while there's a lot of tax-related selling going on.Jay Suskind
The market wants some on-target economic numbers tomorrow and Thursday. We want an equilibrium in the economy. If the numbers are too strong or weak, the interest rate debate would rage on. The numbers need to show moderation.
Jay Suskind
We all know it's going to be a quarter point hike. But over the past two days the bond market is also telling us that it thinks the Fed is not going to stop there. The bond market will be driving stocks today.
Jay Suskind
(Commodities prices rising) would certainly seep through the economy, and the Fed is going to hike rates to keep that inflation under control.
Jay Suskind
I think what you have is a manic market. The market reacts differently to the news each day. One day it's sure of a strong economy and controlled inflation the next day, it reads higher rates from the Fed.
Jay Suskind
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