Peter Boockvar
Peter Boockvar
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.
cusp market
We are concluding a mini-bull market - and we are on the cusp of a mini-bear market.
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.
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.
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%.
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.
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.
add bit company concerned couple days earnings financial higher housing interest large market mix past possible rates retailers sector stocks warning
Some company earnings have been good, but we had large retailers in the past couple of days warning about a slowdown in sales. That is enough to get the market a bit concerned with a possible slowdown, ... Add higher interest rates to that mix and what you have is the housing sector and financial stocks suffering.
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.
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.