The good earnings news is really taking hold. Some of the warnings from last week are less of a factor in the marketplace now.
More Quotes from Peter Cardillo:
It's Fed watch day, so we're experiencing a bit of anxiety before the announcement. Of course, any indication that the Fed will end its tightening cycle could propel the stocks higher this afternoon. Hopefully we'll see an indication of some type of pause.Peter Cardillo
There's skepticism about earnings -- companies may report good earnings but they might have some negative comments to make about future revenue growth.
Peter Cardillo
All in all, I think we're looking at a mixed reading in economic data but pointing to growth ahead. I think it'll continue to support a bullish atmosphere. Right now we're just looking at cautious trading ahead of the numbers and due to Europe being a little soft.
Peter Cardillo
That's what is putting a cap on the good news in the market.
Peter Cardillo
It is good news since we did not get any surprises on the upside, but by the same token, the Fed already made its decision, not changing its bias or interest rates.
Peter Cardillo
I think we're likely to remain in a broader trading range for the time being.
Peter Cardillo
Readers Who Like This Quotation Also Like:
Based on Topics: Media & News QuotesMy writing is a combination of three elements. The first is travel: not travel like a tourist, but travel as exploration. The second is reading literature on the subject. The third is reflection.
Ryszard Kapuscinski
Be sure you positively identify your target before you pull the trigger.
Tom Flynn
I used to lie in bed in my flat and imagine what would happen if there was a zombie attack.
Simon Pegg