Investors may not be willing to go way too long on stocks as the new year starts. At the same time, there are so many hedge funds in this market that they may be selling some stocks to cash in gains after November's rally.
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The main focus is earnings and where do long-term interest rates go from here.Peter Boockvar
This weapons thing really turns up the heat.
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
Some company earnings have been good, but we had large retailers in the past couple of days warning about a slowdown in sales. That is enough to get the market a bit concerned with a possible slowdown, ... Add higher interest rates to that mix and what you have is the housing sector and financial stocks suffering.
Peter Boockvar
The decline in oil helped (stocks), as well as the hope that maybe the Fed will be finished raising interest rates.
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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