Evan Olsen
Evan Olsen
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,
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.
confidence consumer market number numbers rally stronger surprised
Consumer confidence is the big number today, ... I wouldn't be surprised by a market rally if the numbers come on the stronger side.
cycle despite fed focus near shifting spike sure
Despite the spike in yields, everyone is sure the Fed is near the end of the rate-hiking cycle and the focus is shifting to earnings.
apple group harder hit last leading overall seems
Apple was a disappointment last night. It's kind of leading the techs down. That group seems to be getting hit harder than the overall market,
continues oil spike start watch yesterday
Oil had a pretty big spike yesterday and that was negative. If it continues to go that way again, it could be something we start to watch again.
early earnings enthusiasm far optimistic people
It's very, very early in the earnings season, but so far it's been pretty good. We started (the day) with people optimistic after yesterday, but the enthusiasm has faded.
certainly energy except help impact lift negative oil positive prices rise though
A rise in oil prices always has a negative impact for most stocks, except for the ones in the energy sector. Today's upgrades though are certainly a positive and may help lift some stocks.
growth money november people positive seeing tone
November has had a lot better tone to it than usual. We're seeing money rotating into the growth stocks. If I had to guess, I think people are pretty positive on the market.
good last relief week
We've had a pretty good sell-off for the last week and a half. I kind of characterize it as a relief rally.
bit next point
We're at a bit of an inflection point on the market. You need some consolidation before the next move.