However as we come closer to the next Fed meeting, and hopes are that the Fed will cut interest rates, we might have a relief rally.
More Quotes from Alan Ackerman:
The tech news exacerbates an already negative feeling,Alan Ackerman
We had a strong rally yesterday, but today we're seeing investors sell into that rally a little, ... We're in a trading market. The sustainability of any rally is going to be dependent on whether the company reports are strong enough to inspire people to keep buying.
Alan Ackerman
It gave sellers a chance to lighten up a bit, ... On balance, this just appears to be investors taking a breather.
Alan Ackerman
I think it's a constructive move. He's an experienced hand who is clearly effective in dealing with bright, energized thinkers. I don't expect the Senate to have many problems with this nomination.
Alan Ackerman
There's been no shortage of negative news lately, and this event is likely to further depress the markets,
Alan Ackerman
I think it's a trading rally from an oversold position, ... I don't think there's a lot of conviction behind it.
Alan Ackerman
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