If the rate increases do stall out at 5 percent, I think there's still tremendous upside room for this group of stocks. Rates will be a very key metric that's going to determine whether these stocks make new highs or pull-back.
More Quotes from Tim Heekin:
There's a good tone to the market. We're moving towards some key technical levels, particularly with the SP 500. I think that if we can hold and then break through them, we could go higher.Tim Heekin
I think people are trying to drive the market higher. They're coming in on what have been some of the better groups, that being retail and technology still.
Tim Heekin
A lot of people are surprised that the markets are behaving as well as they are. But there's a sense that even the negative numbers don't matter as much as they might have, that markets are preceding the turn of the economy.
Tim Heekin
It's a quiet day before Easter, and we're waiting for the bunny. You have people not wanting to make moves before a three day weekend, and you have some fears about terrorism -- with Rice speaking, and because this is a religious holiday.
Tim Heekin
A lot of people are taking the week off and there's not much news, so that creates this volatility.
Tim Heekin
The market is very resilient. We're shaking off any kind of bad news.
Tim Heekin
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