Really watching the airlines and the health-care names here. The turn in the biotechs, with Amgen (AMGN) leading -- it has an analyst meeting Friday -- is so incredible. Celgene (CELG) used to be struggling every day. Not anymore.
The airlines, though, are the most stark. They went down on Delta Airlines' (DAL) comments about margins -- and then they soared on a dime. It was the most telling of reversals, because these stocks have really been hammered. I wrote yesterday that you had to dip your toe in. It's looking like that's right.
I am waiting for the Fed, like everyone else, but I thought I should put this out to be sure everyone's focused correctly on some of the big moves today.