Federal Reserve Chair Janet Yellen’s testimony was predictable and safe, motivating some stock buying, albeit on light volume. Keith Bliss of Cuttone doesn’t necessarily agree with her comment about retiring baby boomers causing the drop in the labor participation force and is also surprised at her stumble on defining a part-time worker. He did note another big wave of earnings from retailers like Wal-Mart and Costco would affect the market in the near term.
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