The markets took a rest Friday after a pretty busy week. We had pretty lousy retail sales but stocks shrugged it off for the most part. The market has factored in another rate cut next week. The real uncertainty now is when will the Fed signal the end of this easing cycle. We think that could be around the corner.
More Quotes from Peter Mancuso:
If we have had (a recession) or are almost out of a recession, you can see this light at the end of the tunnel. The opportunity for moves on the upside are pretty high.Peter Mancuso
It's a brutal market. I've been doing this for more than 30 years and I've never seen anything like this.
Peter Mancuso
The market never faltered today, and it was a good close. But I think you're going to have this fog of war going forward. Also, we're not sure what direction we're going with the economy, and earnings are still spotty.
Peter Mancuso
I don't think anybody's looking at the Fed meeting because nothing's going to happen there for God knows how long. I think next week you're looking for a continuation of what we saw today... I think you just might get the feeling that there is some good news on the horizon and that the possibility of this market doing better is very, very high.
Peter Mancuso
The more you have the aggressive kind of buying you had today, the longer this kind of good market can continue.
Peter Mancuso
Accounting and other issues are still overriding the market. There have been some reasonably good economic numbers but the earnings situation hasn't gotten as good as it could. You could make a case for the bull and the bear.
Peter Mancuso
Readers Who Like This Quotation Also Like:
Based on Keywords: factored, shruggedIt was one of those goals that's invariably a goal.
Denis Law
In the face of terrorism, a united front is one of the strongest weapons.
Virginia Foxx
From politics, it was an easy step to silence.
Jane Austen