Last quote by Mark Luschini
Mark Luschini quotes
TJX I think has been somewhat immune from some of the retail malaise we've seen in some of the big box retailers. Home Depot addresses a whole different market that's been holding up pretty decently.
It's still pressure on equity prices as a consequence of really mixed earnings so far. The tech (sell-off Friday is) really on investors minds. some anxiety in the market ahead of Apple's earnings.
Big companies, iconic brands, but nonetheless a very mixed picture. We had a pullback yesterday, no technical damage, nothing life-threatening, but what happens from here?
These oil producers are notorious for breaking ranks.
JPMorgan set the table. If they come through and we see JPMorgan was an anomaly rather than a signal then we could be back where we started. They could all be in the doghouse.
2,000 – that's a level that has a certain magical quality about it. There's significant overhead resistance at 2,020 - 2,050.
This information today, while actually good for Main Street, is less than good for a Wall Street that has become addicted to the Fed's largesse.
The FANGs had sold off pretty steeply, that could be some short covering ... or investors buying indiscriminately.
The boost to stocks came directly correlated to what happened in oil, so it's hard to say it was anything but that.
Today's data on CPI and housing starts ... were soft in both cases, continuing to support a case that the Fed will continue to lower its dot plot.
Obviously we're in the throes of an environment where sentiment is not positive about risk assets, so it takes very little to put pressure ... Pressure coming from falling oil prices continues to serve as a cues for equities to follow suit.
Just more stability coming out of the Far East. Some stability coming into the yuan. We had a rebound yesterday that was decent. Some of the market internals weren't strong. The question will be, can it carry through today?
That's not helping because last week we had a couple more minor PMI readings and they showed the same thing.