Evan Olsen
Evan Olsen
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,
durable jump orders
A jump in durable orders is also a plus.
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.
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.