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Quotes from the news wire:
People are facing further confusion over the number of interest rate decreases we're likely to have going forward due mainly to the strong job numbers Friday, and reacting with a mildly down day in the market, expectations about the number and timing of rate cuts have changed slightly.
– Peter Tuz
People are trying to game how bad second-quarter earnings and guidance are going to be, people are expecting a weak second quarter, but it's hard to determine how weak and what kind of guidance about third and fourth quarters will go along with that.
It is not unusual for stocks to weaken at the end of a week, the possibility of something weird happening over the weekend leads people to take money off the table as the week comes to a close.
The market has had a great move up, you can't really say that things are cheap any more.
People are expecting some sort of positive news on trade and tariffs with China fairly soon, but we won't know until the end of next week.
But we won't know until the end of next week.
It's kind of the cry-wolf syndrome, i think people fear the tariffs and the uncertainty about it, but think, 'OK, this is just another negotiating point.'.
The prospects of a trade war are fairly significant, it's just an uncertainty that investors haven't had to deal with for a long time.
The market's selling off, though not drastically, mostly on renewed fears of a trade war, maybe people are just getting used to the rhetoric and stepping off of it a little bit.
People were genuinely pleased that it was going to happen, and I still wouldn't be surprised to see a reversal of this reversal sometime in the next few weeks as each side sits down and thinks about what's really in its best interest.
If fundamentals remain strong with usage staying strong and the company doesn't get hit with any severe fines or regulations we might very well buy again.
We feel good about three out of the five FAANGs- Amazon, Apple, Google.
In an economy that still seems to have some growing pains, consistent growth is worth paying up for.
It's a matter of survival to get new customers. Today's 18 year old is only 10 years away from being someone with a job and savings and trying to figure out a 401(k) for the first time.
The earnings were OK but not positive enough, nor was the guidance, to really drive the market up like it went up yesterday and the day before.
The market was strong( early in the day) because Janet Yellen confirmed the fact Federal Reserve would go very slow on rate hikes because the economy was showing some signs of sluggishness, but maybe Janet Yellen is saying the economy is slower than most of us were thinking.
The thing that's surprising me the most today is the sudden turnaround or push back up in oil. Of course it's bringing a lot of the energy stocks that are pretty beaten down with it.
Earnings in the financial sector could surprise to the upside next year. Rising rates generally give them wider spread income, which in this environment should pretty much go straight to the bottom line.
The biggest influence was the( The ECB President Mario) Draghi talk this morning ; it didn't satisfy the U.S. markets.
The biggest influence was the Draghi talk this morning. It didn't satisfy the U.S. markets.
The biggest influence was the (ECB President Mario) Draghi talk this morning; it didn't satisfy the U.S. markets.
People are waiting for an onslaught of earnings, there's been enough negative guidance about the future to make people skeptical about the direction of the market.
We've had a very good week and a very good start to the fourth quarter, next week third quarter earnings season begins in earnest. You had disappointing results from Alcoa yesterday and further reason to take money off the table as you go into next week.
I would be more concerned if they did not raise rates, because that would be a sign of maybe slowing economic activity.
It's primarily a snap-back rally from the very bad day Friday.
Earnings season seems less bad than expected.
The fear is that price controls stifle innovation. It hasn't happened yet, they'll have to sharpen their pencils and recalculate what their outlook is for new drugs and whether they're worth still developing.
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