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.
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.
direction dollar fortunes gone moved
As Clinton's fortunes have gone up and down, the dollar has moved in the same direction.
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.
driver rally strength technology
Technology is the driver here. The strength will continue, and this rally will take us to new highs.
low means technology
But even if you see a low in the technology stocks, I don't necessarily think that it necessarily means we are going back to the races.
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.
help high market propel
Everybody's doing well and that will help propel the market to new high ground.
bulls coming investors looking selling telling
It's just telling you that the selling has been done, and now investors are coming in looking for bargains. The bulls are back in the saddle.
extended stocks
It could be an extended consolidation in the 'new economy' stocks that could take us through the end of the year.
clinton people worried
People are worried about the economy. This Clinton thing is not going to go away. It's just starting. The probability of his resignation is 50-50 now.
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.
control deflation inflation price producer
With inflation really under control and deflation at producer price levels, I don't think they'll do anything.