John Forelli Quotes (58 Quotes)

You're in an environment where you're going to have really bad second- and third-quarter earnings comparisons for the market. To date, the market has been selling off when there's been bad earnings news and rebounding when people think the Fed is going to cut rates.

This (Thursday) is a day to worry about things, ... We got off to a rough start and typical problems continued. Obviously the earnings reports are coming into question and the GE news with the potentially failed merger with Honeywell just cast a pall over the market.

The market looks better than it did a month ago, yet the near-term outlook for most companies is probably worse,

The market has got to get its hands on this inflation issue. That's the way we're going to get out of this trading range.

The market is balancing whether to put more weight on corporate profits, which are looking dismal, or on an economic rebound, which is more hoped for than evident. Right now, even with a lack of any clear and compelling evidence of economic recovery, the market is laying its bets on the rebound.

In general, we're in this low news flow period where most of the earnings are already out and it's pretty apparent that the Fed is going to keep raising rates.

I don't think it's any real surprise that the Fed is going to keep raising rates. I think the weakness is more about broader inflation expectations creeping into the market.

Oil and inflation are always a concern. It's the main driver for why we've seen this defensive market this past week.