Peter Boockvar
Peter Boockvar
adds confidence consumer consumers corporate hurt latest market profits question report sign slow spending stock whether worries
The report is the latest sign that consumer confidence has been trending down. It adds to worries in the stock market about consumer spending and about corporate earnings. The question is whether consumers will slow expenditures and, in turn, hurt corporate profits and the economy,
adds confidence consumer consumers corporate hurt latest market profits question report sign slow spending stock whether worries
The report is the latest sign that consumer confidence has been trending down, ... It adds to worries in the stock market about consumer spending and about corporate earnings. The question is whether consumers will slow expenditures and, in turn, hurt corporate profits and the economy.
fed hurricane influence relevant
This is before the hurricane and does not influence what the Fed is going to do, and CPI is more relevant to the markets.
companies gm goes problem
The problem with GM is that once it goes down, it drags many other companies with it.
cash funds gains investors market selling stocks willing year
Investors may not be willing to go way too long on stocks as the new year starts. At the same time, there are so many hedge funds in this market that they may be selling some stocks to cash in gains after November's rally.
bond chance fed funds market pricing rate rising spoke
He also spoke optimistically about the economy, so the bond market is now pricing in a 100% chance of the Fed funds rate rising to 5%.
caused concerns earnings factors higher oil overall prices rates recent rise
A combination of factors ranging from the recent rise in oil prices to concerns over earnings and overall higher rates caused a pullback in stocks.
account asset news seen
It may just be some pre-Fed asset allocation or positioning. I haven't seen any news to account for this.
certainly coming jobs number
The jobs number coming in better certainly was a help.
currency form gold
There's disillusionment with the euro, the yen - and the dollar. Gold is a form of currency that's been around for 5,000 years.
appeared buying case itself market played rally recent seemed stocks theme weeks year
The market appeared to have had a case of vertigo. We have had a big rally in recent weeks and it seemed that the theme of buying stocks because its the end of the year has played itself out.
bigger concerns earnings fed focused growth interest market next raise rates seen third trends
The market is more focused on the bigger trends we have seen of late, and that is concerns about inflation, which could make the Fed raise interest rates next week, and concerns about earnings growth for the third quarter.
earnings focus interest main rates
The main focus is earnings and where do long-term interest rates go from here.
basically fatigue market rather showing signs stuff technical
It's basically technical stuff rather than anything fundamental. The market has been showing signs of fatigue here.