Market Doing Well Despite Rate Hikes & Geopolitical Tensions

The economy is doing surprisingly well for having nine rate hikes in the past year, except for the banks, notes Chris Robinson. He discusses the Empire State Manufacturing Index for April 2023 which came in at 10.80 versus an estimated -18.00. He talks about how the U.S. dollar trying to stabilize from recent weakness, as well as how geopolitical tensions affect global currencies. He then goes over how the 10-year treasury yield higher to begin the week. Tune in to find out more about the stock market today.