Rick Meckler
Rick Meckler
cycle driving economic provide starting strong support year
The year is starting off with strong M&A activity, and part of what's driving the economic cycle is consolidation. It does provide some support for the market.
clarity fed good looking news people perhaps rate transition
There isn't enough good news right now to really get people involved. Most professionals and individuals are just holding, looking for some clarity on the transition in Iraq, looking for some clarity on the presidential election, and, perhaps more importantly, looking for some clarity from the Fed on rate rises.
energy faces housing issue losing market maybe next run searching stocks
The issue that the market faces right now is leadership. With the housing stocks losing their leadership, and with energy stocks maybe having run out of steam, the market's really searching for the next group.
break market poised resistance seems upside
The market has been poised to break out on the upside but there seems to be a lot of resistance to every rally.
concern continue cut interest rates rise
You will see more and more concern that interest rates will have to continue to rise to cut back some (stock market) speculation.