Quotes from the news wire:
You’re not seeing money coming out of the market and going into cash, you’re seeing money coming out of one sector and being rotated into another sector to maintain an overall long bias.
Found on Reuters 3 years ago
The weaker dollar and strength in commodity names is certainly helping to fuel the market's strength, multinational companies are all benefiting and helping to drag the market higher.
Found on Reuters 7 years ago
Given how strong last week was, the fact that we haven't given much back and we're going to get into the heart of the Q3 earnings season, (suggests) the market has been relatively resilient, as long as the tone of the guidance isn't totally negative, I think we have a decent chance of having an OK fourth quarter.
Anybody with a pulse was nervous when the market opened. We're still going to see significant price swings both up and down before the day ends today, the only thing that's certain is the volatility is going to continue in the short term, given the magnitude of the moves that we've already had in the last four days.
The stronger dollar, the continued hammering of the euro, equals continued lower equity prices ahead of the Fed comments next week, we'll know more of the Fed's thinking on Wednesday, but right now most people are expecting a rate hike to come in June and the equity markets not to be very receptive of that.
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