There's a certain amount of anticipation about earnings. The earnings focus is likely to be tech and Intel for the next few sessions, and then Thursday and Friday, it's all about the banks.
More Quotes from Bryan Piskorowski:
With Hewlett-Packard, another one bites the dust and technology is bearing the brunt of a buyers' strike, ... We're mired in a period of uncertainty here and clearly the vote right now is 'Cash is king.'Bryan Piskorowski
One thing that we're still concerned over is the slowing earnings growth on a year-over-year basis. Likewise, we're still concerned about slowing economic growth.
Bryan Piskorowski
We're hoping for the 'bad news is good news' syndrome -- that we will continue to see signs of a slowing economy and that will make the Fed more accommodating.
Bryan Piskorowski
Productivity has been a feather in our cap for quite some time, so the drop is viewed as a disappointment.
Bryan Piskorowski
It's a really light week on the data calendar and, ultimately that's going to be the proof in the puddinghow are we going to trade in an information vacuum.
Bryan Piskorowski
We're definitely at a hard point here, with inflation and interest rates kind of looming over everything. We have a market that's had a very rough October so far, and while you've got earnings coming up, that's not going to be the silver bullet for the market that it was in the second quarter.
Bryan Piskorowski
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