The main determinant of bond yields is inflation, and inflation is low. |
The next phase of the market is in M&A activity, and the Fed moving to the sidelines will help with that. So I think investors can still stay in the market and put their money to work. |
You can have all the good jobs data, all the good economic data you want, but until the Fed gets out of the way, there just isn't really a whole lot of hope for the stock market to move higher. |