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Patience is a Virtue with David Gelles of the New York Times

RiskReversal Pod

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The S&P 500 Range Has Gotten Narrower

The S&P has been bouncing around between 3900 and 4200 for a while. Now it can't seem to get out of the 4100 handle, which then you ask, all right, what does that mean? What that means is there hasn't been a big enough catalyst or most of the stuff that we already know is priced in at this point. The debt ceiling debate could either call relief into the market in some way, shape, or form - or push us the other direction.

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