John Canally - LPL Financial

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Last quote by John Canally

The angst out there in the market was the Fed was going to come out swinging. There was none of that in the statement. The rate hike was priced in and we got it.feedback
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Mar 15 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which John Canally is associated, including Fed, China, and market. Most recently, John Canally has been quoted saying: “You're getting more strength in the labor market than I would have anticipated. There's been a burst in animal spirits since Trump was elected.” in the article US created 235, 000 jobs in Feb, vs 190, 000 expected.
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John Canally quotes

Dec 02 2016 - Unemployment

On balance, it keeps the Fed on track to tighten.feedback

Nov 11 2016

Most everything these days that's done, whether it's industrial, or manufacturing, involves technology. And I think the sector that's benefitting the most is financials. The financial sector is the biggest spender on tech. So tech's going to benefit there as well.feedback

Nov 02 2016

You are still pointing to a December hike, they just didn't pre-commit to it.feedback

Nov 02 2016

I'm surprised they didn't put the 'next meeting' into the statement, but maybe it was election-related. In the past six days, there's been federal agencies getting involved in the election, and maybe the Fed didn't want to…sound like they're even more ready to hike rates than they were.feedback

Nov 02 2016

I think that was just a nod to the political shenanigans going on. The case for an increase in the federal funds rate has continued to strengthen and instead of saying further evidence, they said 'some' further evidence. That seems like the bar is low.feedback

Oct 04 2016

The market has to get used to the idea that inflation is rising for a reason. Some of the more hawkish Fed governors have been preaching that for a while.feedback

Oct 04 2016

Now some market participants may have caught onto that.feedback

Sep 21 2016

They said the risks are balanced, which is interesting, and they're preparing markets for a tightening in December, unless something goes off the rails ... like Brexit goes off the rails, China goes off the rails or the election. That could be one of the things.feedback

Sep 21 2016

I think they're setting up for December, unless things go off the rails. Now there are three dissenters, and I think that's pretty unusual, and it shows you they are really ready to go.feedback

Aug 29 2016

She's probably going to impose more regulation on financials than Mr. Trump would, and so you're starting to see some underperformance in financials as she becomes more of the clear-cut winner in November.feedback

Aug 29 2016

So far, it's been the financials. Financials have struggled here as Mrs. Clinton has started to lead in the polls.feedback

Aug 26 2016

What's happening this year is you have both sides of the aisle ? showing more headline risk.feedback

Aug 11 2016

The consumer in the second quarter was just off the charts. You can't expect it to be as robust in the second half of the year.feedback

Aug 01 2016

The theme that's emerging is Trump is the chaos candidate for markets. They probably reluctantly want to see Clinton's numbers go up. That's a potential wild card, watching those poll numbers, particularly out of key states.feedback

Aug 01 2016

We're in that transition mode from micro back to the macro. Stocks have been in a narrow range near all-time highs, and we're looking for a way to bounce. I think a lot's going to be keyed on the path for the Fed.feedback

Aug 01 2016

There's this lingering angst [around] China. Will they or won't they repeat what they did with their currency?feedback

Jul 27 2016

They upgraded the economy a little bit, which they should have because the data is better. They maintain that they're monitoring global economic and financial conditions. They didn't hint at September at all. I think that gets everyone focused on Jackson Hole to see what's next.feedback

Jul 27 2016

If asked about September, they would say every meeting is live. But maybe they're preparing markets for thinking about perhaps raising rates in December.feedback

Jul 08 2016

The downshift is underway based on history. But it has to go from 200,000 to 50,000 per month to indicate recession, so we're a long way from that.feedback

Jul 08 2016

I think the question today people will be asking is, does this put the Fed back on the table for July? It's going to get that conversation started but it's probably a stretch for July given all the Brexit uncertainty.feedback

Jul 01 2016

If executives use Brexit as an excuse to take down earnings guidance by more than a couple of percentage points, then I think markets will be in for a pullback.feedback

Jul 01 2016 - UBS

If that gap narrows, that creates volatility, because I think markets will be more comfortable with a Clinton presidency than a Trump presidency.feedback

Jun 29 2016

The oil glut has gone away. We've had declining oil production in the lower 48 states and that's the biggest difference in the markets today. Oil is becoming balanced.feedback

Jun 14 2016

We're trading on the Brexit polls. Markets are better priced for it today than a week ago, but they are still not fully priced for a 'leave' vote.feedback

Jun 10 2016

I think you're in sort of the global growth fear mode again. This one may last longer because the Brexit vote is enough to keep those global growth fears alive, because if they [leave the EU], they may destabilize a region that's already struggling.feedback

Jun 10 2016

We would not be surprised to see a 5 to 10 percent [stock market] pullback in the next couple weeks, maybe ahead of the Brexit vote.feedback

Jun 06 2016

We're right at the top of the range for stocks.feedback

Jun 06 2016

Your near-term black swan is that vote. The market is dead convinced they'll remain. If they leave, it's going to be bad. It'll inflate the value of Treasurys. It will inflate gold. Stocks will sell off. Markets have just not priced that in.feedback

Jun 06 2016

It's a very, very range-bound market. Most people are waiting around, like we are, to buy the dips as soon as there's a 5 percent dip. I think too many people are in the neutral camp. The Fed and Brexit are the two big fundamental catalysts and we do need to see some follow-through in earnings.feedback

May 18 2016

If every single one of those was a report that was way stronger than expectations and showed the slack in the economy had been taken up at a rapid pace here in the second quarter, then all else being equal the Fed would probably raise rates in June and sit back and wait. That's barring any kind of January- or February-like global disruptions. Do I think that's likely to happen? No.feedback

May 18 2016

They're just trying to say, Listen guys, we're serious. We're going to raise rates twice this year. A lot of it is nudging. The Fed doesn't want to surprise the market.feedback

May 06 2016

It's probably going to downshift into the 150,000 area. It just has to. We're later in the business cycle. Just from the math alone, we've added a lot of jobs.feedback

Mar 21 2016

I think if you get a stable read on global manufacturing this week, that will really calm fears of a global recession.feedback

Jan 08 2016

It's a report that says to the market, if you're worried about a recession, that's ridiculous. If you're worried about the Fed, there's nothing to worry about. It's the best of both worlds for the markets and the Fed.feedback

Jan 07 2016

China's been such a big driver of global growth for 15 years and now they're not, and they don't seem to have a plan for the next 15 years.feedback

Jan 07 2016

The management of the Chinese economy is the real concern. All that matters for markets right now is 'China can't get their act straight.feedback

Jan 10 2014

The Fed will see through it as a weather issue. I don't think they will change after one month of anything bad or good – so they are going to stay the course.feedback

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