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H&W in the Media

Breakout? Traders watch data for support


“As long as that does not signal a spike upward, (it’s) indicating the job market is stabilizing where the Fed would be comfortable raising rates,” said Kevin Mahn, president and chief investment officer at Hennion & Walsh Asset Management.

Unlike most analysts, even those at his own firm, Mahn said economic reports in housing and other areas “give the Federal Reserve enough credence to raise interest rates for the first time in June.”

Click here to watch the video on CNBC.com.