I think the question the market is struggling with is whether we are concerned about inflation and too strong an economy, or if the Fed is raising interest rates too much and cooling things off. So we have a little pause in the market today as it tries to work this question out.
More Quotes from Ken Tower:
I think the market's sending a very clear signal that it wants to move higher,Ken Tower
Yesterday was a disaster for the bulls. We're right back to the lows we've seen lately, and until we fall through those, it's bad but not devastating.
Ken Tower
The market was ripe for some good news to provide an excuse for the rally. If it wasn't (Greenspan), it would have been something else.
Ken Tower
Financials led the sector rally yesterday. Tech has been getting a lot of bullish press recently, but its relative performance continues to suffer. It's premature to put this into the leading sector category.
Ken Tower
These is certainly some life in the Nasdaq stocks. The heavy growth story is getting some play.
Ken Tower
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