Bryan Piskorowski
Bryan Piskorowski
below coming conducive data economy grips help landing looking monetary percent plight policy question reality soft stocks support
We're coming to grips with the reality that we had an economy that was cruising at 3.6 percent and is looking at 2.7 (percent) or below in the third-quarter as a revision. The question is how soft a landing are we going to get. A more conducive monetary policy would help the plight of stocks but we've got to see some data to support that notion.
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.
brought continued drag lead lows market rest stocks tech
Tech stocks brought us up from our Oct. 8 lows and have continued to lead the market higher. When they go down it's going to drag the rest of the market with it.
autumn christmas gunpowder happen left month rally saw time wrapping year
We're wrapping up a year where we saw the Christmas rally happen in the autumn time frame. There's not much gunpowder left in December, so it's a month of digestion.
bottom consensus numbers seem trying undermine
We keep trying to see a consensus for when things will bottom out. But then we keep getting these numbers that would seem to undermine that.
hard hero market nobody past people step trade willing
You have nobody willing to be a hero here -- it's hard for people to step up to the plate. Trade over the past two sessions has been very speculative. If you removed Iraq, you'd probably have a market that was doing OK.
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?
beyond broke coming earnings economic land selling sitting support technical waiting
You got technical selling coming in as we broke a support level. Beyond that, we're just sitting here in no-man's land waiting for earnings announcements and economic data.
gains last profit seeing trying week
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. Last week we had a one-hit wonder. This week we're trying to see if we can do a little better.
earnings fact forecasts good grips hanging looking proof puts recovery timing trying ultimately understand
Ultimately what we're trying to come to grips with is the fact that we understand that second-quarter earnings are not going to be good but the timing of a recovery is hanging over our head. We'll get some forecasting, looking out, but it's what those forecasts say that puts proof in the pudding.
apathy bear cause effect general market positions psychology taking toward viewed
We don't need a cause and effect here. We have bear psychology gripping the market so there's general apathy toward taking positions -- rallies are viewed as short-lived and trader-oriented.
four giving good healthy percent ran
We ran 8 percent in four sessions, and now we're giving some of it back. It's just good old-fashioned, healthy profit-taking more than anything else.
congress corporate drama good lack left means people quiet reporting
But it's going to be a quiet week. A lot of people are on vacation, there's little in corporate reporting or econ data, Congress is still in recess. We lack drama right now, which means we're going to be left to our own devices, which could be good or bad.