Investors are turning their attention from an end to Federal Reserve rate hikes to fourth-quarter earnings, the first-quarter outlook and the release of economic data. Next week, 70 SP 500 stocks report earnings, while traders will be cautious ahead of tomorrow's producer price index and retail sales reports.
More Quotes from Paul Mendelsohn:
There's a lot of information coming out next week, a lot on the economic side.Paul Mendelsohn
This is the first crack in the home building area. Home building has really driven a large portion of this economic advance, and any drop in this area of the market would have very powerful ramifications for GDP growth.
Paul Mendelsohn
So far all of the news coming into the market today is negative.
Paul Mendelsohn
The market's been getting positive news from GM, oil and semiconductors. But we have the quadruple witching to contend with, which could lead to a lot of volatility, so even though we're up now, we could open anywhere.
Paul Mendelsohn
It's hard to say how the market will react to this tomorrow. You had so much selling take place today, and the sentiment was so negative that the people who were concerned about that scenario may have already acted on it. The question is, did they push it far enough, so that we can have a bounce tomorrow, or were the sellers the smart ones, and are we going to have more declines tomorrow
Paul Mendelsohn
The yield curve is beginning to frighten people.
Paul Mendelsohn
Readers Who Like This Quotation Also Like:
Based on Topics: Economics QuotesBased on Keywords: first-quarter, fourth-quarter, hikes
The poet is a madman lost in adventure.
Paul Verlaine
Debbie Gibson and dog food. I've always dreamed of this.
Julie Brown
I've got absolutely no intention of ever going to play at another club.
Steven Gerrard