Stephen Wood Market Quotations

It's not just one or two things working and everything else not working. It's an all-cap, all-style, broad market rally.

Both the U.S. and Japan realize that it's not in Japan's economic interest to have a stronger yen, and they don't need anything that could potentially short-circuit that. It's probably the case that the U.S. will be willing to help them out a bit, which is what the market will be looking for.

We're probably much more likely to be trading closer with the dollar. There may be some intervention that's coming, which is what the market is looking for, but it's obviously one of those things that we won't know about until it happens.

These data continue to suggest that labor market conditions are much more robust that recent payroll employment and help-wanted reports have indicated.