Next week, earnings numbers will probably be a positive for the market. The overriding negative, though, is going to be the outlook for interest rates.
More Quotes from Joe Liro:
Fear of higher rates and higher Treasury yields are the main factors driving markets these days. We've been used to low rates for such a long time that now it seems the market was caught by surprise with yields at these levels. We might see less borrowing and less spending as a result.Joe Liro
There's going to be massive reconstruction in the Gulf region in a couple of months. And that is going to generate a lot of business and gains for the companies involved in the effort.
Joe Liro
The longer the oil prices stay at this level, the more of a weight it puts on the market. That said, unemployment claims reflect the current strength of the economy. But the perception is that the current strength cannot be sustained with oil prices at these levels. As a result, the market is having a hard time making much progress to the upside.
Joe Liro
You have to borrow 2 billion a day to fund that. It's an imbalance that's unsustainable.
Joe Liro
Readers Who Like This Quotation Also Like:
I have the feeling it will influence my future writing to the extent that without any material worries I could develop a greater ease, even lightheartedness, in my writing.Elfriede Jelinek
You can't win them all.
Connie Mack
Moralities, ethics, laws, customs, beliefs, doctrines - these are of trifling import. All that matters is that the miraculous become the norm.
Henry Miller