Peter Boockvar
Peter Boockvar
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.
concerned couple days including large market past possible warning
We've had large companies, including retailers, in the past couple of days warning about a slowdown in sales. That is enough to get the market concerned with a possible slowdown in the economy,
couple markets weeks
Markets are back to where they were a couple of weeks ago.
buy curve good housing indicate reason response slowing stocks trading year yield
To buy stocks just because it's the end of the year is not a good reason to do it when the fundamentals indicate otherwise. The yield curve is flattening in response to the slowing housing market. The implications can't be ignored. That's why we're trading the way we are.
cusp market
We are concluding a mini-bull market - and we are on the cusp of a mini-bear market.
decline fed finished helped hope interest maybe oil raising
The decline in oil helped (stocks), as well as the hope that maybe the Fed will be finished raising interest rates.
decline fed finished hope interest maybe oil raising
The decline in oil helped, as well as the hope that maybe the Fed will be finished raising interest rates.
data economic good indicator key national number ourselves rest seeing setting
This national manufacturing number will be a key to the market. The economic data that we are going to be seeing now will be a good indicator of what we could be setting ourselves up for the rest of the year.
turns weapons
This weapons thing really turns up the heat.
certainly earnings good pockets strength
With good earnings ... there were certainly pockets of strength.
crazy giving questions week
Noone questions why we were so crazy the first week of January, we're giving back some of the fluff rally.
came earlier highs market near trading within
Earlier this week, we came within a whisker of multiyear highs for the S&P 500. But the market still has a lot of headwinds. We're still near the upper end of a trading range.
good results retailers
The results from retailers were good but not extraordinary.
banks demand release report seen sigh since taken
The report was taken with a sigh of relief, and since its release we've seen demand for banks and financials increase.