It's a broad advance today -- pretty much every sector is up. It's really just a case of ... an oversold market, but sometimes oversold markets pick up steam.
More Quotes from Tom Schrader:
They'll be looking at the PPI with a real hard eye for what inflation is going to be.Tom Schrader
The payrolls number is probably going to be in line, and we'll see another session of listless trading. But if it is something dramatic, we could see a violent reaction, one way or the other.
Tom Schrader
Things are going to be very, very quiet today, because Im sure half the portfolio managers in New York and in Boston are going to stay home.
Tom Schrader
We've got some weighty numbers tomorrow, with consumer sentiment and Chicago PMI due.
Tom Schrader
Lexmark was bad, 3M was good, and in general you've had that today, with the mix of earnings sort of canceling each other out, ... I think people are using this as a reason to take profits, particularly after the tremendous run we've had, and I don't think that's a bad thing.
Tom Schrader
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