Peter Boockvar
Peter Boockvar
couple markets weeks
Markets are back to where they were a couple of weeks ago.
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.
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,
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.
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.
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.
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.
earnings focus interest main rates
The main focus is earnings and where do long-term interest rates go from here.
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.
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.
banks demand 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.
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.