Peter Boockvar
Peter Boockvar
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.
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.
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%.
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.
economy fed hands mostly showing signs sitting start talking waiting
It's mostly sitting on your hands waiting to see what the Fed announcement is so we can start talking about something else. We need to see some confirmation that the economy is showing signs of improvement.
almost fed gave sign
He gave no sign that the Fed is almost done.
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.
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.