Bryan Piskorowski
Bryan Piskorowski
bit bullish fact month picture strongest supports
The big picture here is that we're pretty quiet. We are in the seasonally strongest month of the year, so that supports us, but the fact that everyone's so bullish is a bit worrisome.
april data fears feeling few fuzzy inflation jobs kicking past run skepticism stocks together warm
Stocks have put together a respectable run over the past few sessions, but we're not getting that warm and fuzzy feeling this time. With inflation fears kicking around and the April jobs data looming on Friday's horizon, skepticism is in the air.
bankruptcy books ceos days federal filing four gains hanging last meeting mostly reserve seeing signing stock stocks stories
The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.
economy few figure months
It's going to take us a few months to figure out how much the economy is slowing.
couple next tough
It's going to be tough in the next couple of weeks.
basically bounce economic eyes follow lacking market seeing technical today
It's basically a technical dead-cat bounce we're seeing here today. The thing in the market that has been lacking is sustainability and follow through. So we'll keep our eyes on some upcoming economic data. And that's basically going to take today and this week's trade.
along bigger clearly disastrous lack market picture plight profit question recession stems ultimately week
It's been a disastrous week and we're just limping along here -- ultimately we're in a profit recession and the question is how long will that linger, which is frustrating the plight of equities. In the bigger picture you have a market that is clearly unhappy, and that stems from the lack of visibility.
ahead couple days healthy market nature profit reading taking
A couple of days of profit taking is healthy and I wouldn't be reading too much into it. The discounting nature of the market being what it is, we just got a little ahead of ourselves.
decent earnings economic health major positive reports tape tech three
It was really a story of positive earnings on the tape and no major hiccups on the economic front. You had decent reports from three sectors in general: industrial, tech and health care.
recovery
It's a mildly affirmative day as recovery makes the scene.
lack late low move seen short volume
We've seen late day short rallies on low volume that are exaggerated by lack of supply. The move has been overrated,
continue economy fed good hoping news signs slowing syndrome
We're hoping for the 'bad news is good news' syndrome -- that we will continue to see signs of a slowing economy and that will make the Fed more accommodating.
bounce gains last profit seeing surprised
We're seeing some weakness, which is not surprising. We've had pretty sizable gains in the last two days, so you're seeing a little rotating out of sectors and some profit taking. However, I wouldn't be surprised if we see a little bounce after we get through the morning.
bring data forth forthright question side understand
We understand the manufacturing side is in a recession. The question is, Will the data bring forth a more forthright (aggressive) Fed?