Barker on the Market
May 6, 2004—Mike Barker, Investment & Retirement Management discusses the market’s current concentration on interest rates. Barker also discusses the Fed’s recent comments on future rate hikes, rising oil prices and Home Depot’s CEO Bob Nardelli’s comment on how he lacks concern that rising interest rates will hurt the company’s sales, because its business is more closely tied to housing turnover and remodeling demand.