H&W in the Media
Stocks surge 1% as jobs data eases rate hike fears; Dow jumps 250 points
“I think the first one will come in June,” said Kevin Mahn, chief investment officer at Hennion & Walsh Asset Management. “I think they have enough tangential and enough actual evidence to start a rate hike.”
As for Friday’s bounce in stocks, Mahn said “I think the market, at least the majority of institutions, believe we are in a secular bull market, so the general trend will be upward.”
Click here to watch the video on CNBC.com.