Peter Canelo
Peter Canelo
despite inflation mostly negative seen signs strong
This is mostly negative for bonds, which have done well because we haven't seen any signs of inflation despite the strong U.S. economy. Suddenly, that's gone.
flat gonna jobs looking market number small tick
The market will be looking for a flat unemployment number and a small tick up in jobs, and if the market doesn't get that, it's gonna feel it.
cut foreign helping investors market rate strong
The market isn't cheap. But I think strong participation from foreign investors is helping and the (planned) cut in the (U.S.) capital-gains-tax rate makes the market cheaper.
extended stocks
It could be an extended consolidation in the 'new economy' stocks that could take us through the end of the year.
anymore clearly federal march market question raise reserve whether
I think the market is clearly getting used to the idea that the Federal Reserve is going to raise rates. I don't think it's a question anymore of whether they do it in March or not. If they don't do it in March, they (will) do it in April. The real question now is how much do they do it (and) when they do it.
companies failed
I think the index has failed to keep up with the times. There are too many companies missing.
I think that's going to be a real plus.
begin break earnings fourth incredible lead middle next people sometime upside year
I think techs are not as overvalued as some people believe. I think they're going to have incredible earnings next year and I think they're going to lead an upside break out in the market, which should begin sometime in the middle of the fourth quarter.
bet buying europe foreign good investors precisely selling talk tend understand worried
Foreign investors tend to be worried when there is talk of impeachment because they don't always understand our system. That is important because it was precisely Europe that contributed heavily to buying in the U.S. I don't know if they are selling right now necessarily, but it's a pretty good bet that they are not buying.
care fine investors money pull scared
International investors get scared and pull their money out of these stocks. They don't know what impeachment is, they don't care about the fine points. But they're scared.