Fed Preview: 25 BPS Hike Seems To Be A Foregone Conclusion

Whether May marks the last Fed rate hike should not be the central focus, notes Kevin Gordon. He and Kathy Jones discusses the macro-outlook ahead of the FOMC meeting tomorrow, as well as what the latest eco data is showing. Kevin notes that the tech sector is the second-best performer, but the underperformance of the "average stock" is concerning. Kathy mentions that 25 BPS rate hike seems to be a foregone conclusion and the bank loan market is vulnerable. They then react to earnings season and preview upcoming earnings. Tune in to find out more about the stock market today.