Given All Of The Hot Inflationary Data, The Market Is Still Holding On

<p>"All of the inflationary data is coming in red hot. The U.S. Dollar price is back up, not only due to potential 25BPS interest rate hikes, but 50BPS. The retail sales number was a surprise. Given all of this, the market is holding on. The ECB member, Schnabel, stated that they may have to act more forcefully. There is the same theme for the global economy," says Scott Bauer.</p>