Mark Grant, Chief Global Strategist at B. Riley FBR, looks at the interest rate data to back up his statement that a rising 10 year US bond is not the cause of this market correction. Watch his CNBC interview to here more of his comments on the current state of the markets.
The Atlanta Fed, through GDPNow, has increase it's forecast for first quarter GDP growth to 5.40% - up from 4.20%. Real consumer spending forecasts also increased from 3.10% to 4.00%. See the new forecast here.
Jeff Saut, Raymond James Chief Investment Strategist, says we are still in a secular bull market and sees continued growth in our economy. He does believe we will see a correction in this market, but it will be short. See the interview here.
