KQED Nightly Business Report March 8, 2016
Years. The bounce back has been sharp and swift. Since the lows on february 11th, the major indices is up 7 or more and oil has gained 35 . Whats driving the rally, and has the market entered a new phase . Bob takes a look from the new york stock exchange. Reporter the market has entered a goldilocks window. The most Important Development is commodities have put in an intermediate term bottom. Iron ore has rallied dramatically in the last few days. This is positive implication for earning. Its good news for energy and material stock. They led the rally. Its also eased some of the worries the l...