The stock market is going to be like the bond market. It's going to be focused on that Humphrey-Hawkins testimony. I think it's a very nervous market.

It seems the stock market is more tuned to the bond market now than it has been in the past several months. As soon as we got oriented towards the bond market, all this economic data increased in significance.

All in all, a much more bond-friendly, stock market-hostile report than expected.

The bond market is at a ridiculous valuation, whereas the stock valuation is low relative to bonds.

The bond sell-off . . . can be attributed to the stock markets rise, but the market was negatively reacting to the strong Philadelphia Fed index. It shows more evidence that the manufacturing sector has bottomed out.

The stock market never sleeps,even in a blinding market recession it continues to thrive for those who know how to see opportunities.