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...
highs passing quite sentiment support technical year
It's quite encouraging. The sentiment is better and you've got the indexes passing the highs of the year and holding, so you've got some technical support as well.
concerns data earnings economic economy fears indicate looking market remain slip
Concerns remain that the economic data indicate the economy could slip back into a recession. Looking at technology, the fears are back in the market that third-quarter earnings may not live up to expectations.
economic good higher including move news next process short
The news has been pretty good on the economic front, but there's a hesitancy to move higher in the short term. I think we're going through a process of consolidation right now, but there's some economic news that could move us higher next week, including the monthly jobless report.
confidence consumer negative news strike
The news about consumer confidence is negative for retailers, ... a preemptive strike to keep us out of recession.
cap due flow funds inclined investors large market money pension toward types
A lot of today's market is due to the flow of money going into pension funds and money managers. These are the types of investors who are more inclined toward the large cap stocks.
assisting behind looking scenes terms tune whistle
They (G7 countries) may whistle a different tune in terms of assisting different markets, but behind the scenes they're looking at the situation.
next rally resume week window
The year-end rally should resume next week on window dressing.
ahead heavy light people volume waiting
There was some light profit-taking ahead of the (Easter and Passover) holidays. Volume is not that heavy and people are just waiting on the sidelines.
bankers believe central contain economy global positive raise rates strong
This is positive in the sense that central bankers believe the global economy is strong enough to raise rates to contain inflation.
downs finally looks process today ups worst
The ups and downs today were part of the process of consolidation. We're finally stabilizing today and it looks like the worst is over.
anxiety chairman fed interest raise rate worse
This couldn't have come out at a worse time, because we have the new Fed chairman testifying tomorrow. It will raise anxiety over the Fed's interest rate outlook.
cut door interest open perhaps rate
This does open the door perhaps for an intra-meeting interest rate cut, ... We could see a cut over the weekend.
definitely helps rally
This definitely helps the continuation of the rally. From here, I see the continuation of this rally through the end of the year.
employment fear fed half people percentage raise rates realize shows wage
People realize we have an employment number, and if it shows accelerating wage pressure, that would rekindle the fear that the Fed may have to raise (interest rates by half a percentage point),