Donald Selkin
Donald Selkin
adjusting corporate economic fact high market move pace profits recovery slower
The market is adjusting to the fact that corporate profits may not be as high as was previously thought and that the economic recovery may move at a slower pace than it did in the first quarter.
business confidence consumer corporate economic good industry linked negative profits recovery reports suffering travel worried
Right now business stinks, consumer confidence is down, the travel industry is suffering and the economic reports haven't been good and any economic recovery is going to be linked to the war. There haven't been too many first-quarter negative pre-announcements, but I'm still worried about corporate profits in the first quarter.
corporate domestic drift markets profits range start until
Markets are going to drift in this range ... until corporate profits and GDP (gross domestic product) start to improve.
higher interest investors looks market maybe picture profit rate time tough worried
The market looks ahead, and maybe investors are worried that between the higher interest rate picture and the decelerating profit growth, the market may have a tough time advancing.
cliche hates market
It's two things. The old cliche is that the market hates uncertainty. So this removes the uncertainty.
completed extent fed justifies rally reaction stunned
It's such a knee-jerk reaction. I don't think that what the Fed said justifies the kind of reaction we saw. I would like to think that we could rally back after the certification is completed tomorrow, but I don't know. I am just stunned by the extent of this decline. Hopefully, it was a one-time reaction.
balanced basket fund losing
If you're in a traditional balanced fund or a traditional basket of old-line stocks, you're losing money.
collapsed market sideways
The market hasn't collapsed or anything, but we've been going sideways for awhile.
economy-and-economics fed meant reassuring result
I think the Fed meant to say something reassuring about the economy, but the result was very confusing.
economic fed historic job months morning near raise rates reports several strong until
The Fed is not going to raise rates until they see several months of strong job growth. And even if they do raise rates slightly, the rates will still be right near these historic lows. GDP this morning was not as strong as expected, but you had the other two economic reports that were good.
anticipate market movement recovery shows trying
Friday's Dow movement shows that the market is in an uptrend. That's encouraging. The market is trying to anticipate a recovery before the economy.
bullish excuse fed happiness happy lines markets maybe might people statement stay
I'm happy that things are going up in the markets but when things get too bullish and too, I don't know if they're exuberant, but too optimistic, someone will find something between the lines on the Fed statement saying, 'but they said this, they cautioned here', maybe to have to be vigilant, so people might use that as an excuse to stay profits.
couple days dig good heels hope key levels news pattern people reason support
People are frustrated. The pattern has been a couple of days of rallies on a little good news and then it fizzles out. There's no reason to make big commitments with all of this unresolved. The hope now is that we can dig in our heels at key support levels and find some balance.
contrived energy gain reaction seeing tremendous
You're seeing a knee-jerk reaction to the tremendous gain in energy prices. It's also a reaction to the contrived gain on Friday.