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.
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.
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.
almost fed gave sign
He gave no sign that the Fed is almost done.
bond chance fed funds market pricing rate rising spoke
He also spoke optimistically about the economy, so the bond market is now pricing in a 100% chance of the Fed funds rate rising to 5%.
bigger concerns earnings fed focused growth interest market next raise rates seen third trends
The market is more focused on the bigger trends we have seen of late, and that is concerns about inflation, which could make the Fed raise interest rates next week, and concerns about earnings growth for the third quarter.
couple markets weeks
Markets are back to where they were a couple of weeks ago.
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,
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.
certainly earnings good pockets strength
With good earnings ... there were certainly pockets of strength.