The stock market initially got pretty spooked by the strong March payrolls number, ... At that time, the futures market was signaling no rate hike until November. Now, it's signaling August.
More Quotes from Robert Philips:
Advertising dollars are more targeted to the 25-44 age group.Robert Philips
It's been a difficult week or two for the stock market. It seems like as soon as we get past one thing, we have another. Overall, it seems the confluence of negative news is making people jittery.
Robert Philips
Long term, I think the markets are higher. ... I think on a very short basis, we're due for a pullback of sorts. The government is doing all it can to stimulate the economy, but pricing power is a concern longer term.
Robert Philips
From a technical standpoint the market is in a pretty good place. But I think it's a classic summer Friday, and people don't want to commit too much after the week we've seen and ahead of all the news next week.
Robert Philips
You've got the whole unsettled war threat hanging over us, a slew of corporate malfeasance, and worries that economic recovery won't be as good as expected in the second half of the year, ... But people are getting sick of this, which is the kind of reaction you have when a bottom is being set. So maybe that's one positive.
Robert Philips
I think it's unlikely that it's the retail investor causing this kind of action. You can pretty much bet it's program traders.
Robert Philips
Readers Who Like This Quotation Also Like:
Based on Topics: Time QuotesI suppose no person ever enjoyed with more relish the infusion of this fragrant leaf than did Johnson.
James Boswell
Sex and older women used to be considered an oxymoron, rarely mentioned in the same breath.
Gail Sheehy
Man is firmly convinced that he is awake; in reality he is caught in a net of sleep and dreams which he has unconsciously woven himself.
Gustave Meyrink