Ralph Acampora
Ralph Acampora
decline expect fear higher interest june market people personally rates until
Unfortunately, what has precipitated this decline is a real fear of interest rates rising. Personally and professionally, I think interest rates go a little higher than most people expect and until that happens, until we see the end of that fear, I think the market between now and the end of June is going to be very, very nervous.
floor longer market next people trying
I'm trying to tell people now that 10,000 is no longer the ceiling. I think it's the floor for the market over the next 5 to 10 years.
following people puts upside
It's one thing to have a 257-point up day. What you really want to see is the following day when you see the upside follow-through, and that's what we're getting, and I think it puts people at ease.
following people puts upside
It's one thing to have a 257-point up day, ... What you really want to see is the following day when you see the upside follow-through, and that's what we're getting, and I think it puts people at ease.
along bumps
I think there are going to be a lot of bumps along the way,
anxiety backing enthusiasm number quite round takes
I think quite often when you get to a round number you have a lot of anxiety. This backing off is healthy. It takes some of the enthusiasm out.
above climb interest market rally rates stop time
Time is one of the important things to me as an analyst, and this rally is long in the tooth. And if interest rates climb above 4.8 percent, this market could stop on a dime.
consumer consumers critical employment hanging investors key number report spending supporting
Tomorrow's employment report is critical for the market. Investors are hanging on every number that we get. Anything to do with consumer spending is key because consumers have been supporting the economy.
critical employment report
Tomorrow's employment report is critical for the market,
bull market
What makes a bull market live is rotation, and we have the rotation.
aggressive believe bullish exciting season summer
Be aggressive because we believe that this summer season will be a very exciting and bullish affair,
camp investors technology telling
Capitulation isn't a one-day phenomena. I'm in the camp that you have to get a wash-out and I'm telling investors to rotate ? the world doesn't revolve just around technology stocks.
benefit carry doubt market strength
We give the market the benefit of the doubt that the near-term strength will carry through to the upside,
activity breadth expect expected leadership narrow negative problem remain
Expect more of the same choppy activity as the Dow meanders around the 10,000 level. Unfortunately, the leadership is expected to remain very narrow as the negative (market) breadth problem continues.