The sentiment is nervous and I think today was very negative. People were getting both more nervous and less enthusiastic about where things were going.
More Quotes from Kate Warne:
The market was spending sometime digesting whether this meant more rate hikes for longer and concluded this was nothing different than what people had anticipated. At that point, it was 'let's do this some more,'Kate Warne
All of the normal sectors were people beginning to worry about interest rates and about future profitability and future growth, they really dropped.
Kate Warne
I think there was a shock reaction (at first) and then people said 'Is this very worse than we thought it was going to be' And the answer was no. Yes, it was a down day but it wasn't very much of a down day, ... I think the sentiment is cautious but not as worried as would be expected.
Kate Warne
I think people decided this morning's sell-off was probably a mistake.
Kate Warne
I think we will see companies report their quarterly earnings in line with expectations and that will give the market a boost.
Kate Warne
Over the weekend there were a lot of reports in the U.S. talking about how the people who think the worst is over are probably wrong, and I think the market always gets nervous after a rally.
Kate Warne
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