Peter Cardillo
Peter Cardillo
1972 Harlem mosque incident describes the April 14, 1972 shooting of a New York City Police Departmentofficer at the Nation of Islam Mosque No. 7 in Harlem, Manhattan, New York City. The officer responded to a fake 9-1-1 call, was shot and died six days later. The incident sparked political and public outcry about mishandling of the incident by the NYPD and the administration of Mayor John V. Lindsay...
both market philip safe
Two safe bets, ... And I think during the market pullback both of them will probably be safe bets, especially Philip Morris.
economy economy-and-economics fed good investors news realize starting strong
The good news is that we have a strong economy and there's no inflation, ... Investors are starting to realize the Fed may not need to be that aggressive.
consumer dissect good last lower news quarter revision side spending
The good news is that on the consumer side of things, spending actually declined, and the real good news is the deflator was lower than the last quarter and there was a revision from the first quarter. So when you really dissect it all, it wasn't all that bad.
ahead certainly corporate despite entirely jobs negative news november numbers positive seeing weekly
UAL is certainly a negative for the market, but the news wasn't entirely unexpected. You're also seeing a combination of other negative corporate news and jitters ahead of tomorrow's November jobs number, despite the positive weekly numbers this morning.
activity driving economic factor focus market sign stronger suspect
When you have M&A (merger and acquisition) activity continuing, it's a sign of stronger economic activity ahead. The market probably will focus on the economic data; I suspect the driving factor of the day could be the ISM index.
came claims expected flat labor looking market quite sales shows weaker
We're looking at a flat open. Same-store sales came in a little weaker than expected and the jobless claims shows the labor market is quite tight.
continue factory help looking mixed movement orders within
We are looking at a mixed open. But if the factory orders or the ISM come in within expectations or better, that should help continue the upward movement in the market.
earnings focus last looks quarter season strong stronger though totally window
We're at the end of the quarter so there is some window dressing. The focus is now totally on earnings, and this earnings season looks as though it will be strong if not stronger than last quarter.
edge expect few good higher light likely market news next range remain rest toward trading volatile volume
Volume is likely to remain light the rest of this week, and I would expect the market to remain volatile Thursday, ... But there's good news out there, and over the next few weeks, I think we'll remain in this trading range but edge up toward the higher end of it.
money people putting room rotation seeing selling tech
We are seeing a continuation of this rotation process, with people selling some of the big tech and other gainers of the year, and putting money in sectors that still have room to gain, namely, industrials, metals, anything commodity-related,
balances capital companies generate increase large likely optimistic strong technology tends
We are optimistic with the technology sector, ... Most of the large technology companies have strong balances and they are likely to increase capital expenditure, which in turn, tends to generate better results.
fed labor reason revision unit
If we see any upward revision (in unit labor costs) that would give the Fed reason not to pause.
continues dollar fed free half interest point raising rates respond
If the dollar continues to fall, and we end up in a free fall, at one point the Fed will have to be more aggressive, ... They may have to respond by raising interest rates by half a point.
ahead core fed focus good inflation market positive rate rise shows staying
If the CPI core rate shows not much of a rise then the market will be able to just focus on good earnings. It will show that the Fed is staying ahead of the inflation curve, which is a positive for the market.