Peter Boockvar
Peter Boockvar
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 coming jobs number
The jobs number coming in better certainly was a help.
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.
certainly earnings good pockets strength
With good earnings ... there were certainly pockets of strength.
fed hurricane influence relevant
This is before the hurricane and does not influence what the Fed is going to do, and CPI is more relevant to the markets.
crazy giving questions week
Noone questions why we were so crazy the first week of January, we're giving back some of the fluff rally.
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.
decline fed finished helped hope interest maybe oil raising
The decline in oil helped (stocks), as well as the hope that maybe the Fed will be finished raising interest rates.
decline fed finished hope interest maybe oil raising
The decline in oil helped, as well as the hope that maybe the Fed will be finished raising interest rates.
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.
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.
banks demand release report seen sigh since taken
The report was taken with a sigh of relief, and since its release we've seen demand for banks and financials increase.