By Richard Russell
The mystery: If the economy is as good as the Fed claims ,then why is the Fed holding back on a first step-up in short rates? Also, if the economy is as good as the Fed claims it is, why is the Industrial average stubbornly holding below 18,000?
As I write, Industrials are up 5 and the Transports are up 2. The tech-heavy Nasdaq is up 24 and still above the even number 5,000.