“I think the market is anticipating today that the Fed is getting closer to the end of the tightening rather than early in the ball game, and that is one of the principal reasons why financial stocks have rallied not just yesterday ... but as much as 25 percent in just the last two months.”
“There's a significant amount of dollars that are invested in the passive S&P 500 index approach or exchange traded funds that mimic the S&P and because Dana's dropped, there will be additional pressure on the stock.”
“They have moved incrementally in the right direction on the cost side. There is still a greater uncertainty on the revenue side. Just look at today's weaker sales numbers.”
