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.
Then there's Humana (HUM) and UnitedHealth Group (UNH) . Can you believe that these stocks haven't even taken two days' worth of breathers? Remarkable.
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.
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Victory at General Electric will likely have to wait.
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