Quotes from the news wire:
This (Fed meeting) is going to be a relatively big deal, we are expecting to hear the glide path for tapering the bond purchases.
It’s very much investors grappling with the growth outlook for the global economy, and how aggressive the Fed will taper when they get around to it.
What the bond market is starting to signal is we’re past peak growth right now in the economy and it is going to slow down from here, and if interest rates come down or the economy slows, that means the reopening stocks don’t do as well, and technology starts to pick up the mantle and run with it.
Rising COVID-19 cases around the world is a risk, investors may be taking a little bit of profit as they recognize that a lot of ‘reopening trade’ may already be priced into the markets at this point.
Investors are starting to play the economy opening up and the vaccine starting to work, and maybe they can go to a baseball game this summer.
GameStop 2.0! I do think that some of it is related to short sellers and those that are looking at some of these short term opportunities to push stocks around. American Airline earnings were okay, they are still bleeding a lot of cash.
We are starting to see some states open up, we are starting to see some activity, we are probably now in the midst of the worst period and things will be gradually improving from here.
There will be some legislative issues with a very large JP Morgan, but continued consolidation within the banking sector along with international competition could push the large to get even larger.
I don't know how strong the case is for impeachment, so I don't know what will happen with that. We react first and think later.
GDP growth was not fabulously good and not fabulously bad. It builds a case for the Fed to cut rates by 25 basis points and then sit on the sidelines for the remainder of this year.
The poor number indicates that we are suffering alongside the rest of the global economy and that it is having an impact on the U.S., the U.S. has been the best house in a lousy neighborhood and maybe that is changing.
There's so much in the background - trade, government shutdown, earnings season - you're going to have these big swings in the markets based on the latest data, (Investors) are getting more bearish and less optimistic about the outlook.
It looks as though we're just taking a bit of a break after a good run last week.
The market is anticipating a very good earnings season and ignoring any trade issues.
The market is anticipating a very good earnings season and ignoring any trade issues, we're not likely to get much color on trade from this earnings, so the expectation is still for a very good season.
Industrial stocks are being hurt by the trade sanctions announced by the U.S. and compounding it is the stronger dollar.
They're reasonably priced. It doesn't mean they're screaming cheap. You can start to accumulate them here.
You have kind of a mixed bag of earnings numbers ... the economic data generally speaking was pretty good and that's leading to a little bit of mild buying in the market.
Energy prices have been weak for sometime now, but markets have chosen to ignore them, I think today's move may bring the markets' focus back on energy.
I think there is some negative reaction to the announcement by the Bank of Japan. The economic data and earnings reports were also not fabulous this morning.
We're now on to the next shiny new object and that's earnings season, as long as companies beat earnings estimates, investors will feel comfortable buying stocks.
Today's decline is not a surprise as investors have had a chance to take a step back and look at things and go, 'Well maybe it's not all that good'.
I think this is a short-lived rally.
Yellen's speech tells me that Federal Reserve is going to follow through with what all the Federal Reserve governors have been saying in the past six weeks.
Some acquisitions, news of Berkshire taking a stake in Apple and higher oil prices are driving the market, i think the markets should stay here most of the day.
Markets are still struggling with the dichotomy between the ECB and the Fed.
We're in a window right now of roughly between 2,000 and 2,050 (for the S&P) that is fairly important for the market. That's the point at which the market broke down in August. If we can hold above 2,000, that would be a good thing.
We're in a window right now of roughly between 2,000 and 2,050 (for the S&P) that is fairly important for the market. That's the point at which the market broke down in August. If we can hold above 2,000, that would be good thing.
We're in a window right now from about 2,000 to 2,050 (for the S&P), and that is fairly important for the market. If we can hold above 2,000 that would be good. We're in a better part of the year from a seasonal perspective.
Investors will be content to sit on the sidelines today and wait for more earnings numbers tomorrow and some economic data.
I think it will be a generally very quiet day and investors will be content to sit on the sidelines today and wait for more earnings numbers tomorrow and some economic data.
Markets opened modestly lower after yesterday's big rally and then the ISM number came out just barely above 50, stocks are recovering a little bit, but it goes on the side of the ledger that indicates that the U.S. and the global economies are certainly not growing at a robust rate.
Investors are still very nervous on the global markets, i think it's buying of what has done poorly and selling of what has done well in the last two-three days - a little bit of bargain hunting, a little bit of taking advantage.
I think it's just more of a relief rally and it's going to be important to see the market hold the rally and maybe even improve as we go through the day.
Investors are sitting back and still assessing the Fed comments and looking more closely at global economic data.
Today's rally is a bit of a catch-up after we saw global markets do well on Sunday night and Monday morning, investors are also being forced back into equities because even after the recent swings, there aren't any other options that will give the type of returns that equities does.
People are still nervous about overseas and what might happen tonight. Nobody wants to sit around and see what happens.
You didn't have the snap back you would have expected to reverse a move like yesterday's. People are still nervous about overseas and what might happen tonight. Nobody wants to sit around and see what happens, our fundamentals are not nearly as bad as those in China, so it would be logical to see us rally. But we're still beholden to events in China.
We are not going to see a lot of earnings growth in the second half of the year as the economic data hasn't been very strong, the fall in commodities is also a concern that global growth is slowing and that ties into U.S. growth too.
We are not going to see a lot of earnings growth in the second half of the year as the economic data hasn't been very strong, the fall in commodities is also a concerns that global growth is slowing and that ties into U.S. growth too.
Revenue growth is very weak and unless you see some sustainable growth, we'll continue to see sideways movement for the rest of the year.
The commodity markets are lower which are a concern because if those prices fall then economic growth isn't as strong as we thought.
U.S. markets really are taking their cues from what's happening outside the country as we head into the earnings season, valuations are still high and earnings are going to be rough with companies adding not more than 1-3 percent year over year. We expect the market to continue moving sideways for the remainder of the year.
The U.S. is the cleanest shirt in a dirty laundry. That's why the dollar has been strong and we can talk about raising interest rates, but unless the global economy turns around it's going to be hard for the U.S. to remain that clean.
I doubt we'll see a rate hike this year, the market is weighed down by debt. It's very difficult to see consumer spending ramp up substantially unless the debt levels fall.
Even though the market closed up on Friday, more stocks were lower for the week and that points to weakness, we could see some sloppy action for the next couple of sessions.
We anticipate a little bit of a pick up in the second and third quarter, its not going to be enough to warrant the Fed to raise rates but its certainly not weak enough to push us into recession.
Certainly, the first quarter was slow, we anticipate a little bit of a pick up in the second and third quarter. Its not going to be enough to warrant the Fed to raise rates but its certainly not weak enough to push us into recession.
M&A activity gets everybody excited in that sector.
The upside to seeing less international growth is that it is now very unlikely the Federal Reserve will raise interest rates mid-year.
If we don't see something out of the ECB, that will really increase volatility.
This absolutely raises the odds that we'll see more central bank action. The upside to seeing less international growth is that it is now very unlikely the Federal Reserve will raise interest rates mid-year.
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