24 ordspråk av Evan Olsen
Evan Olsen
A jump in durable orders is also a plus.
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A rise in oil prices always has a negative impact for most stocks, except for the ones in the energy sector. Today's upgrades though are certainly a positive and may help lift some stocks.
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Apple was a disappointment last night. It's kind of leading the techs down. That group seems to be getting hit harder than the overall market,
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Consumer confidence is the big number today, ... I wouldn't be surprised by a market rally if the numbers come on the stronger side.
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Despite the spike in yields, everyone is sure the Fed is near the end of the rate-hiking cycle and the focus is shifting to earnings.
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In general we try to cut our positions at the end of the day and even more so on a weekend. Ahead of an event like this, you're going to be a lot more conservative than normal.
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Investors are feeling that we've seen the bulk of the gains already so they're taking some money off the table. There's no major catalyst to keep this rally going.
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It's mostly just celebrating that Rita didn't turn out to be as devastating to the Gulf as feared, and energy prices are down, ... Almost all sectors benefit because people have more money to spend.
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It's very, very early in the earnings season, but so far it's been pretty good. We started (the day) with people optimistic after yesterday, but the enthusiasm has faded.
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Nasdaq had a pretty big pull-back yesterday, so Intel's helping today,
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November has had a lot better tone to it than usual. We're seeing money rotating into the growth stocks. If I had to guess, I think people are pretty positive on the market.
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Oil had a pretty big spike yesterday and that was negative. If it continues to go that way again, it could be something we start to watch again.
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Overall it looks slightly positive this morning.
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People will not sell stocks to buy the 30-year bond, but a good auction, with good demand for the securities, will actually be a positive.
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That was an unlucky finish for us, but it really motivated us more than it took away from our motivation. I think it really unified our team even more.
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