Stock Selling Jacks Up the Vix Signaling Possible Big Swing
Keith Bliss of Cuttone says the market is shifting back to a fundamental approach as the Federal Reserve starts to back out of the market.
The choppy trading in stock continues today as sellers came back following yesterday's positive move. Keith Bliss of Cuttone says the market is shifting back to a fundamental approach as the Federal Reserve starts to back out of the market. Bliss points out that companies with positive guidance on sales and revenue are getting a better response than companies that can only beat analyst estimates. Bliss also thinks the Fed will taper by another $10 billion.
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