Kenneth Polcari
Kenneth Polcari
action broader days few follow good market normal pieces today
It was the normal consolidation today (Wednesday) after two days of really good market action, but there's just no follow through. We rallied on a few pieces of news, but there's no sense of a broader recovery.
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.
building gonna gotten looking next people slow start technical today
I think that today (Tuesday) is a technical bounce, but I do think that people are gonna start building a base. It's gonna be slow and steady. Now that we've gotten through most of the first-quarter earnings, people are looking to the next catalyst.
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.
ahead bunch companies earnings edge hold horrific markets move numbers reporting towards
Towards the end of the week, you've got a bunch of high-profile companies that are reporting their numbers and markets may be a little on edge ahead of that. If the earnings come in kind of in-line, barring any horrific numbers, I think we can hold and move higher.
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.