The rally is being driven by tech. Money's going into the sector across the board. There's been an underlying bid in the market and any time you think we're going to get a real sell-off, it doesn't happen.
More Quotes from Mike Viracola:
People have been looking for companies to say we've weathered the storm -- no pun intended -- whether it's the hurricane stuff or the macro things,Mike Viracola
People are still focused on the outlook for interest rates. The general sense is that interest rates are going to continue to creep up a little bit but not run away from us. The financials have been under pressure most of the day.
Mike Viracola
I think we're moving higher because it's the path of least resistance. You're seeing some very stock-specific moves, but no real trends. We're just waiting to see what happens this afternoon.
Mike Viracola
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