Evan Olsen
Evan Olsen
ahead cut event general positions
In general we try to cut our positions at the end of the day and even more so on a weekend. Ahead of an event like this, you're going to be a lot more conservative than normal.
durable jump orders
A jump in durable orders is also a plus.
activity damage fears stores
There's been a lot of activity in restaurants and stores on fears there will be damage to their operations.
bulk catalyst feeling gains investors major money rally seen taking
Investors are feeling that we've seen the bulk of the gains already so they're taking some money off the table. There's no major catalyst to keep this rally going.
dispute impact legal question sentiment tone
The J&J and Guidant dispute may be weighing on sentiment -- there's some question about the legal dispute and that's probably had an impact on the tone of the market,
bit next point
We're at a bit of an inflection point on the market. You need some consolidation before the next move.
economy fed strong
We want the economy to be strong, but we don't want it to be too strong because we want the Fed to come to the end of their rate-hiking cycle.