Kenneth Polcari
Kenneth Polcari
created cut fed hopes last market people today
Last week, the market rallied on hopes that the Fed would cut rates, but today (Monday), people weren't so sure. It created a lot of confusion. People want to get back to the fundamentals, but they keep getting distracted.
buyers continuing likes market people previous profits reason saw sitting taking threats yesterday
We are continuing to see what we saw yesterday (Tuesday), with threats about terrorism, people taking profits (after the previous week's run) and buyers sitting on the sidelines. There's really no reason to buy right now. There is nervousness and the market likes stability.