Just because near-term news is lackluster, it shouldn't scare you away from your hopes of an economic recovery later this year.
More Quotes from John Forelli:
The manufacturing sector is going to continue to show bad news over the next three to six months, but if we get the indication that consumers are starting to buy more, then things like the NAPM will start to reverse themselves later this year.John Forelli
People are really starting to worry about earnings again. This is a pattern that started in September when the tech market started selling off pretty hard. We're going to have a tough quarter it's hard to see what will get people excited about the markets over the next couple of months.
John Forelli
I think the Fed raising rates 25 basis points is pretty much built into the market at this point. As is often the case, people will be watching the language in the statement for indications of what the Fed is going to do at upcoming meetings.
John Forelli
We're just treading water. Investors are fearful and risk-averse right now, seeing bad news around every corner, and ignoring good news that is slowly raising its profile.
John Forelli
I don't think it's any real surprise that the Fed is going to keep raising rates. I think the weakness is more about broader inflation expectations creeping into the market.
John Forelli
We're not going to see much positive news coming out.
John Forelli
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