It's a general 'risk-on' tone a little bit, but I don't think there's a lot of conviction behind that because there are more people on 'wait-and-see' mode than are willing to stick their neck out.

Thomas Simons

Categorized in : Energy

I think it will take a little while for the market to get really... by Thomas Simons

I think it will take a little while for the market to get really saturated, but not that long.

The mixed message today suggests that Yellen is disinclined to move forward and take the next step in the normalization process in the near-term, but it also does not shut the door on the prospects for a July rate (hike) either.

We got some pretty surprising GDP data, an upward revision, and n... by Thomas Simons

We got some pretty surprising GDP data, an upward revision, and not too many people had pegged that.

It's really inflation that has been holding them back, and this (jobs report) doesn't really give them any evidence on that front.

The housing sector this year has been one of the only sectors that has shown consistent strength, so that continuing, I think, bodes well for the overall economy.