This is just a knee-jerk reaction, based on a bear thesis that Express Scripts will start to dictate prices, i don't see how this is any different than any other company in another sector getting more competition. Soon people will go through the stocks one-by-one to see which got oversold.

Wayne Kaufman

Categorized in : Company News

The Fed is setting us up for the rate hike, which is inevitable and will come sometime between now and December, stocks don't seem to be having much reaction.

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Stocks don't seem to be having much reaction, people have been expecting a rate hike to come, and the market is ready for that.

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Yellen is a dove more than a hawk, and she's not in a real rush to raise rates. She wants to do it, but she wants people to be prepared, we've been making new highs, but this isn't an enthusiastic rally.

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We've been making new highs, but this isn't an enthusiastic rally, people will likely remain bullish, but they'll keep their powder dry and allocate a little more of their portfolios to cash.

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That's allowed stocks to start breaking out of the channel that they've been stuck in since the beginning of the year.

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Everyone is surprised, and I'm definitely pleased, but the question is, how can inflation be so low when GDP is so high? Either this is just a one-off and GDP will fall back dramatically, or we'll see a pickup in inflation, which could put more pressure on the Fed.

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Everyone is surprised, and I'm definitely pleased, how can inflation be so low when GDP is so high? Either this is just a one-off and GDP will fall back dramatically, or we'll see a pickup in inflation, which could put more pressure on the Fed.

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