Peter Mancuso
Peter Mancuso
reaction
You can't really look at values, you can't really look at fundamentals; it's all about psychological reaction today.
busy cut easing fed friday lousy markets next rate rest retail sales signal stocks took
The markets took a rest Friday after a pretty busy week. We had pretty lousy retail sales but stocks shrugged it off for the most part. The market has factored in another rate cut next week. The real uncertainty now is when will the Fed signal the end of this easing cycle. We think that could be around the corner.
direction earnings fog good market sure war
The market never faltered today, and it was a good close. But I think you're going to have this fog of war going forward. Also, we're not sure what direction we're going with the economy, and earnings are still spotty.
fresh market psychology seems
The market seems to have fresh life, fresh enthusiasm. Psychology is what this market is all about and when we feel good, we buy.
emotions market markets
You've got a market of emotions, and I think the emotions show us that the markets want to rise.
earnings increase looking maybe quarters start three
I think you're looking out two quarters, maybe even three quarters before you start to see a substantive increase in earnings for some of these companies. That, to me, is in a nutshell what's going on in the markets.
absolutely attitude feeling few good higher highs indicative lows months moving percent skeptics week
It's been a good week and a good run. The attitude is absolutely 100 percent better than it was a few months ago. The whole feeling is different, and I think we've got enough skeptics to keep this moving along. ...The highs are higher and the lows are higher and I think that's really indicative of it.