Last quote by Adam Sarhan
Adam Sarhan quotes
You've got the financials, transports, steel stocks, small and mid-cap stocks all trading higher. The areas that have worked [since the election] continue to work.
While all this is happening, you've seen virtually no selling. That's very good for stocks moving forward.
The market is giving Trump the bullish benefit of the doubt.
Within a week, the market went from egregiously oversold to overbought. They managed to repair all the damage done during the nine-day losing streak.
What we're seeing under the hood is fewer and fewer stocks leading the market higher. When you see days like this and yesterday, ... that tells you that the sellers are still in control.
But, if you take Microsoft out of the equation, it's been ... mostly disappointing reactions to earnings. Caution is king until we get a better reaction to earnings.
We've seen this movie play before. Whenever we see the markets in trouble, central banks come in and try to influence investors. Clearly, they're doing their very best to keep equity markets higher.
Market participants have a way of separating facts and noise. Right now, the fact is that investors have lost confidence in Deutsche Bank.
It's very important for investors to read between the lines.
The market is in a wait-and-see mode. We've got earnings season coming and earnings have contracted even with low interest rates. The economy is lackluster and you've got currency fluctuations sometimes adversely affecting earnings.
The fact that investors are buying Deutsche Bank stock is a big vote of confidence from investors.
This has been largely overlooked by most, but to me it sticks out like a sore thumb. If this doesn't scream 'buy,' I don't know what does.
The jury is still out on who won last night.
If the BOJ takes a not-so-dovish stance, you could see the market fall even if the Fed doesn't raise rates.
The BOJ is the real wildcard.
Technically, the Dow is below its 50-day moving average. If we can get above that, that could be a vote of confidence.
There are concerns over what's going on with the Fed and the election.
Investors don't like uncertainty, and as we get closer to the elections, we get less of that.
The logical person at this juncture can look at the data and say the Fed is not going to raise interest rates. What the market is asking the Fed is where is this hawkish data that supports a rate hike.
The market loves easy money, and any data that may suggest a rate hike, will spook investors a little bit.
This is a normal pullback after a strong rally.
I think what we're seeing here, for the first time in a few weeks, is a shift from risk-on assets into risk-off assets.
In the past two weeks, post Brexit, the S&P 500 has vaulted over 8 percent. Typically, a 10 percent move for the entire year is considered normal.
When you step back and look at the entire global stock market, it's a pretty bleak picture.
I think the market's already voted. ... It looks like they're looking for the stay vote to prevail. This could be a classic case of 'buy the rumor, sell the fact,'.
At this point all eyes are on the Fed. The markets have been over-sold in the short-term ... and this would be a good place for them to rise, but the key is, will the markets be able to hold on to their gains after the Fed meeting and the conference.
The 10-year (Treasury yield) is now changing for the market from every pullback to be short-lived in scope to be potentially more damaging.
I think short-term it was just oversold but right now we're flirting with the 50-day moving average, an easy point for it to bounce.
The market will be pretty rangebound until we get a better sense of what's happening with the Fed.
It's a little bit of a relief rally ... oversold bounce.
You also have a rebound in oil which is very good for sentiment. Today's an important day because if the market pulls off today hard it will tell you buyers are getting exhausted.
What we're seeing is a bit of a relief rally from oversold levels.
The fact oil's up more than 5 percent today and it's being defended for the week helps the risk-on crowd pile into stocks.
The vehemence of the bounce after very, very small pullbacks in the price that shows ... buyers remain under the market for now.
We are seeing a little bit of a pause here. I don't expect major volatility this week. I expect this quiet packing and filling to continue.
I think right now we're in pullback mode. There's a lot of profit-taking, end-of-month and end-of-quarter.
Once again, it's a very strong underlying bid in the market that we've seen in the last six weeks.
She's put on the perfect hedge. She doesn't want to lose credibility and say she was wrong.
WTI is flirting with with that January low. If that low gets taken out on a closing basis, you could see another leg lower for oil.
It's a lack of bullish impetus. Anytime you see the market trying to rally, you get strong selling pressure.
The growth story that investors were looking for... clearly Amazon has not been able to live up to the hype.
Oil is deeply oversold. The stock market is deeply oversold. The inability for the market to rally from deeply oversold conditions clearly tells you how weak the market is.
The fear of a slowing economy is taking over. The fact that we erased gains and can't rally from deeply oversold conditions tells you everything you need to know about this market.
We're unwinding year-end window dressing, but more importantly the market is getting weaker, not stronger.
This bodes well for the economy since there were massive headwinds. This report plays perfectly into the Fed's script of tapering.