Bullish on SPX Seeing 4,700 to 4,800

If earnings are going higher and the ten-year yield is stable, that's probably a good set up for the market, says Michael Purves, Founder and CEO Tallbacken Capital Advisors. He discusses the rally in the stock market and a sell-off in treasuries, as says he doesn't think that is too sustainable. He says inflation is inflating earnings for large-caps, not small caps. He discusses the volatility index (VIX) and says we are not going to get back to the mid-teens because of the war and too many unknowable factors. He thinks gold (/GC) will get re-energized and the technical profile is pretty constructive.