The stock market today is higher ahead of tomorrow's jobs report. "Investors have been experiencing recent price discovery. On a day like this, people are experiencing FOMO," says Stuart Katz. Where are interest rates going to go? "Earnings growth and multiple expansion are driving asset valuations. Some companies have had a decline in price on valuations and an improvement in earnings," Katz adds. Has the stock market reached a bottom? Regarding the fixed income market, credit spreads are starting to move higher, but are not reaching great financial crises averages.