If you put together a ruling in favor of one of the largest industrial sectors in the U.S. and positive news on large companies, such as GM, it's not a surprise to see the market up today.
More Quotes from Subodh Kumar:
I guess what people are worried about is that the U.S. economy is growing fast enough that inflation is going to become a problem.Subodh Kumar
We expect better performance in the second half to follow a lackluster first half, with more uplifting assessment in the markets of issues like inflation, Fed policy, politics and earnings.
Subodh Kumar
It may be simply part of the maturation process of becoming an international company, ... But as an individual investor, you should think about whether you want to be in a company that makes these kinds of mistakes.
Subodh Kumar
You do have a diverse group of stocks moving upward compared to a narrow leadership.
Subodh Kumar
The main focus today is the Fed. After the decision, investors will once again focus on the fundamentals of the U.S. economy and on company earnings.
Subodh Kumar
Market players are very reluctant to make strong commitments until they get signals that operating earnings are starting to improve.
Subodh Kumar
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