Kenneth Polcari
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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.
earnings east happens hold matter middle next reports
To an extent, no matter what happens with earnings reports over the next week, the Middle East is still going to hold us back.
elections narrow range stuck until
We're stuck in this narrow range until after the election.
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.