Materials companies have been big gainers - CLF +5.5%, VMC +4.7%, ATI +5.7%, JOY +4.4% today -...

|By:, SA News Editor
Materials companies have been big gainers - CLF +5.5%, VMC +4.7%, ATI +5.7%, JOY +4.4% today - as investors seem to believe the Fed’s moves will spark demand for goods from China and the materials to manufacture them. S&P's Sam Stovall says materials stocks still have some of the weakest fundamentals, but two old adages apply: stock prices often lead fundamentals, and don't fight the Fed.