Geopolitical wise, it's just more of the same. People are resigned to the fact that we're going to war. It's just a matter of under what pretext we do it.
More Quotes from Peter Boockvar:
To buy stocks just because it's the end of the year is not a good reason to do it when the fundamentals indicate otherwise. The yield curve is flattening in response to the slowing housing market. The implications can't be ignored. That's why we're trading the way we are.Peter Boockvar
This national manufacturing number will be a key to the market. The economic data that we are going to be seeing now will be a good indicator of what we could be setting ourselves up for the rest of the year.
Peter Boockvar
The main focus is earnings and where do long-term interest rates go from here.
Peter Boockvar
It all depends on whether we go down the unilateral path or the multilateral one. If the U.S. goes to war alone, they're going to smash this market. If we get a resolution passed we're going to see a nice rally.
Peter Boockvar
This is before the hurricane and does not influence what the Fed is going to do, and CPI is more relevant to the markets.
Peter Boockvar
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Out of nothing can come, and nothing can become nothing.
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