Fed officials are highlighting that more work needs to be done, says Collin Martin. He and Randy Frederick give an overview of the market as 10 out of 11 S&P 500 sectors closed lower today. Collin notes that we continue to expect short-term yields to rise to meet FOMC expectations. They talk about S&P 500 winners which include Lamb Weston (LW), Western Digital (WDC), and Valero Energy (VLO), and losers which include Constellation Brands (STZ), ServiceNow (NOW), and Sherwin-Williams (SHW). Randy notes that the tight labor market doesn't bode well for the Fed "pause." Tune in to find out more about the stock market today.
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