This number is clearly the basis for our weakness, ... The economy's recovery has hinged on consumer strength, so this number becomes more significant.
More Quotes from Bryan Piskorowski:
There's still a huge disconnect between the recovering economic factors and the stock action, and corporate governance concerns are a big part of that.Bryan Piskorowski
It looks like bad news is bad news and we have the grim reality of a slowing economy.
Bryan Piskorowski
It's been all rumor and innuendo for the most part, ... People are trading this. A lot of people have already positioned for what they think will be the next move.... It's nice to see a little bit of livelier action.
Bryan Piskorowski
We've seen late day short rallies on low volume that are exaggerated by lack of supply. The move has been overrated,
Bryan Piskorowski
Revised GDP is going to be key. If we have a weaker than expected GDP number that is going to weigh on the Fed,
Bryan Piskorowski
Ultimately what we're trying to come to grips with is the fact that we understand that second-quarter earnings are not going to be good but the timing of a recovery is hanging over our head. We'll get some forecasting, looking out, but it's what those forecasts say that puts proof in the pudding.
Bryan Piskorowski
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