Heightened tensions in the Middle East, including the possibility of Iran attacking Israel, sent stocks back down and oil prices higher.
If the choice is between a weak economy with lower rates or a strong economy with higher rates, we'll take the strong economy every time.
Low rates may help with valuation multiples, but it's a strong economy that leads to earnings growth and that's what we, as long-term investors care about.
Shelter costs are a major sticking point for overall inflation, which makes Tuesday's housing starts and building permits report a key watch item.
We'll get another look at housing with the release of the March existing home sales report on Thursday.
Persons:
we've, we'll, Morgan Stanley, Wells, bode, we're, Goldman Sachs, Charles Schwab, Johnson, ERIC, JB Hunt, Kinder Morgan, DR, Ally, Huntington, Jim Cramer's, Jim Cramer, Jim, Abbott, Ethan Miller
Organizations:
Dow Jones, Wednesday, Federal Reserve, Abbott Labs, Cardiovascular Systems, Diagnostics, Procter & Gamble, Constellation Brands, Procter, T Bank, Bank of America, Bank of New York Mellon, BK, PNC Financial, PNC, Ericsson, United Airlines, Interactive, ASML Holdings, US Bancorp, Citizens, Alcoa, CSX, Discover Financial, Nokia, Alaska Air, Blackstone BX, McLennan, Netflix, PPG Industries, Gamble, Financial, American Express, Jim Cramer's Charitable, CNBC, Las Vegas Convention, Getty
Locations:
Iran, Israel, China, Marsh, Las Vegas , Nevada