Brian Bensch
Brian Bensch
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The market's noting that earnings are good, the economy is doing well, and yes, interest rates will rise, but not dramatically. Interest rate sensitive stocks are starting to come back after falling in the last few weeks.
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I think we need to get through all the earnings of the next two weeks before we can determine where the market is headed. I think the market is going to be hard-pressed to make new highs with the overhang of geopolitical issues and concerns about interest rates.
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There are some people who would like to see the Fed raise by a half-percentage point when it meets next, so it's really hard to determine what kind of Fed move would be seen as either good or bad for the market.