Peter Boockvar
Peter Boockvar
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.
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.
buy curve good housing indicate reason response slowing stocks trading year yield
To buy stocks just because it's the end of the year is not a good reason to do it when the fundamentals indicate otherwise. The yield curve is flattening in response to the slowing housing market. The implications can't be ignored. That's why we're trading the way we are.
turns weapons
This weapons thing really turns up the heat.
certainly earnings good pockets strength
With good earnings ... there were certainly pockets of strength.
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.
couple markets weeks
Markets are back to where they were a couple of weeks ago.
almost fed gave sign
He gave no sign that the Fed is almost done.
companies gm goes problem
The problem with GM is that once it goes down, it drags many other companies with it.
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.
data economic good indicator key national number ourselves rest seeing setting
This national manufacturing number will be a key to the market. The economic data that we are going to be seeing now will be a good indicator of what we could be setting ourselves up for the rest of the year.
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.