People were encouraged that the Fed may not have to raise rates August 22.
At this point, boring makes for an interesting fourth quarter. I think this year's losers win. The stuff that people chucked from their portfolios is what they will want back.
There's no unilateral belief about tech stocks. People are confused and somewhat justifiably.
I think that is clearly helping Microsoft, ... When I look at this big move, I am really thinking that people are afraid of missing out on something. That is what we are seeing here.