We're at the point in the earnings period where we get all the bad news, because we're in the first two weeks of the new quarter. So I think there's a little anxiety about fourth-quarter earnings right now.
More Quotes from John Forelli:
The Fed is cutting rates and injecting liquidity into the market. Financials are doing well because people are expecting a cut in rates.John Forelli
Potentially you could get a resolution to the White House question. You could get a short-term rally on that.
John Forelli
If unit labor costs are tame and unemployment comes in 'in line,' then 'the-Fed-is-pausing' camp gets a lot of credence.
John Forelli
We're not going to see much positive news coming out.
John Forelli
What a stark difference in investor sentiment compared with several months ago. Even though investors know the economy is very weak and still vulnerable to a relapse, they believe that, bit by bit, the vital signs are improving.
John Forelli
Oil and inflation are always a concern. It's the main driver for why we've seen this defensive market this past week.
John Forelli
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