The top seven market sectors are all cyclical again and the bottom four are all defensive, notes Randy Frederick. He and Kathy Jones discuss how stocks are trading higher into the close. They talk about the outlook for Fed policy. Randy mentions that equity volume put/call ratios have been at/near extreme bearish levels for eight sessions now. Kathy highlights that the bond market is holding steady ahead of important data this week. She notes that holding rates for longer means policy is getting tighter. Tune in to find out more about the stock market today.