Tim Heekin
Tim Heekin
beginning buyers earnings good higher news rally ran time
I think the rally just ran out of gas. You're right at the beginning of the earnings reporting, and all the good news is priced in, and buyers are getting a little tired. I think it's time for a little pullback. After we see a little consolidation, then we can go higher again.
determine group highs increases key metric rate rates room stocks tremendous upside whether
If the rate increases do stall out at 5 percent, I think there's still tremendous upside room for this group of stocks. Rates will be a very key metric that's going to determine whether these stocks make new highs or pull-back.
highs hit less market trying
The market has been trying to hit these highs for some time, but we've been nearing them with less and less enthusiasm,
bonds came finally funds high hold profits recent taking test
Bonds finally showed a little reversal. We put in a high on the long-terms and then dipped off of that. I think the big bond funds came in and started taking profits after the recent run. The real test will be if we can hold these levels.
favor growth
A lot of growth equities are in favor right now.
drifting
It's just drifting up today, there's no one catalyst,
half people rally second setting themselves
After that period, you could see a rally in July, with people really setting themselves up then for the second half of the year.
betting bond dark equity horse income market money movement people sell starting truly worth
This movement in the bond market is amazing, truly unprecedented. People are starting to sell fixed-income and put that money into stocks. Equity is starting to look like this undervalued dark horse worth betting on.
causing companies concerns giving optimistic ripples
If companies are not giving optimistic guidance, that's causing some ripples and some concerns in the market.
economic fourth market people reacting row
This is the fourth day in a row where there's been disappointing economic news, and the market is reacting to that. People are also doing a little consolidating before the weekend.
economic impact news obviously oil prices tomorrow wild
You've got oil prices and the economic news having an impact today. Obviously tomorrow it's all about unemployment. That's the wild card.
less people wednesday
It's the Wednesday before Thanksgiving, there's no one here, desks are half-staffed. There are going to be even less people around Friday.
brakes fed fueled lead meeting people realizing shifted
The lead up to the Fed meeting was that we are going to be done soon, they are going to put the brakes on, and that fueled the momentum. But now people are realizing that they aren't done yet, and that's shifted the psychology.
economic friday hugely news next rest week
There's no economic news out Friday or Monday, and the economic news the rest of next week is not hugely influential,