We're seeing a reversal. We had a nice run-up, but now we are giving back the gains.
More Quotes from Todd Leone:
A lot of what has happened has been caused by the quadruple witching. You might have seen people unwinding their positions yesterday and so today they come in little bit.Todd Leone
You had good news on Philip Morris. We had a great move, but the market sold off.
Todd Leone
People are asking themselves why they should be in the stock market if they can get a 5 return safely.
Todd Leone
Inflation is still relatively benign. Yields are down, which is helping. People are getting out of bonds and probably putting some money to work in equities.
Todd Leone
The wording of the Fed statement is going to be important to see if the Fed is going to (step back for a while) or if they are going to continue raising interest rates.
Todd Leone
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