Jack Ablin

I would infer from the statement that the Fed is somewhat more sanguine on the economic recovery. Perhaps they believe read more

I would infer from the statement that the Fed is somewhat more sanguine on the economic recovery. Perhaps they believe that $55 oil prices are, at least for the time being, something of the past and that jobs are just improving at a moderate pace.

In both fees and commissions, they're in good shape.

In both fees and commissions, they're in good shape.

Right now, we have this positive confluence of earnings and economic news that has been propelling the market.

Right now, we have this positive confluence of earnings and economic news that has been propelling the market.

Between leading indicators and subdued inflation expectations, it's really set a nice backdrop for the market today,

Between leading indicators and subdued inflation expectations, it's really set a nice backdrop for the market today,

People are taking some comfort in results and a feeling that the economy is getting better, but there's still some read more

People are taking some comfort in results and a feeling that the economy is getting better, but there's still some caution. We need to see more evidence of a sustainable recovery. We need companies to start seeing profits more through top-line growth than just cost-cutting measures.