“There's been this trend for several weeks of rallying in the morning and then fizzing out, and that's what we're seeing today, ... There's no clear direction sector-wise, it's really a stock-by-stock basis and stocks may have gotten a little ahead of themselves.”
John Hughes
“The rally that we've had for the last couple of weeks was basically concluded this week. You're seeing investors starting to discount positive news from companies and a Fed rate cut next week,”
Peter Green
“Equities have enjoyed a seven-week rally and there is a feeling that they may take a short breather and mark time for a while.”
Jim Morrison
“The markets are capable of rallying. But whether they can maintain the rally is more important, particularly with the Nasdaq.”
Linda Jay
“The U.S. dollar counter-trend rally is over and a resumption of the secular bear market is under way. This and geopolitical news out of the Middle East are the fuel for a run to $600.”
Peter Grandich
“The sharp rally in the yen last week may not last. There is chatter about an impending policy tightening by the BOJ, but this is still around six months away at least.”
Greg Gibbs
“The CPI number this morning sparked a rally in both stock and bond markets, ... But beyond the initial reaction, I think we're going to remain stuck in this range until other issues get resolved.”
Timothy Ghriskey
