I think we're in a bottoming process and that once we get through this, we could see the market rally again. We may see a few more days of selling or of jagged trade, particularly as we have a lot of economic news to get through. But I'm actually feeling more optimistic than I have recently.
More Quotes from Brian Bensch:
There are some people who would like to see the Fed raise by a half-percentage point when it meets next, so it's really hard to determine what kind of Fed move would be seen as either good or bad for the market.Brian Bensch
Yesterday, you had a relief rally because the price of oil dropped so much, but I'm not sure how much of a factor that's going to be in the short-term. Prices are still near 40 a barrel, and the trend for the time being is up.
Brian Bensch
Tomorrow is an important day in terms of the jobs report. We need to hit it or beat it, or we could see some real selling.
Brian Bensch
I think we need to get through all the earnings of the next two weeks before we can determine where the market is headed. I think the market is going to be hard-pressed to make new highs with the overhang of geopolitical issues and concerns about interest rates.
Brian Bensch
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