Peter Boockvar
Peter Boockvar
concerned couple days including large market past possible warning
We've had large companies, including retailers, in the past couple of days warning about a slowdown in sales. That is enough to get the market concerned with a possible slowdown in the economy,
add bit company concerned couple days earnings financial higher housing interest large market mix past possible rates retailers sector stocks warning
Some company earnings have been good, but we had large retailers in the past couple of days warning about a slowdown in sales. That is enough to get the market a bit concerned with a possible slowdown, ... Add higher interest rates to that mix and what you have is the housing sector and financial stocks suffering.
couple markets weeks
Markets are back to where they were a couple of weeks ago.
cusp market
We are concluding a mini-bull market - and we are on the cusp of a mini-bear market.
companies gm goes problem
The problem with GM is that once it goes down, it drags many other companies with it.
basically fatigue market rather showing signs stuff technical
It's basically technical stuff rather than anything fundamental. The market has been showing signs of fatigue here.
certainly coming jobs number
The jobs number coming in better certainly was a help.
economy fed hands mostly showing signs sitting start talking waiting
It's mostly sitting on your hands waiting to see what the Fed announcement is so we can start talking about something else. We need to see some confirmation that the economy is showing signs of improvement.
certainly earnings good pockets strength
With good earnings ... there were certainly pockets of strength.
turns weapons
This weapons thing really turns up the heat.
came earlier highs market near trading within
Earlier this week, we came within a whisker of multiyear highs for the S&P 500. But the market still has a lot of headwinds. We're still near the upper end of a trading range.
good results retailers
The results from retailers were good but not extraordinary.
currency form gold
There's disillusionment with the euro, the yen - and the dollar. Gold is a form of currency that's been around for 5,000 years.
caused concerns earnings factors higher oil overall prices rates recent rise
A combination of factors ranging from the recent rise in oil prices to concerns over earnings and overall higher rates caused a pullback in stocks.