Peter Cardillo


Last quote by Peter Cardillo

I would characterize it as a vote of confidence whether or not Trump's full pro-growth program will be able to be enacted.
Mar 24 2017
Peter Cardillo has been quoted 82 times. The one recent article where Peter Cardillo has been quoted is Stocks erase gains as financials lag; Nasdaq hits new intraday high. Most recently, Peter Cardillo was quoted as having said, “If that comes to fruition, that would be a huge plus. I think the rebalancing in the market is going to take place in the next few months.”.
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Peter Cardillo quotes

Investors' concerns on Trump delivering his campaign promises is probably the real 'Fear Facto.

We're going to need to get good earnings growth to justify these high levels.

Investors are going to want to hear what he has to say, and whether he's changing his tone.

It's just a psychological barrier. It'll create some excitement but... it doesn't mean that much. The market is high. We need a good earnings season. If that doesn't happen, you could see a pullback sooner rather than later.

The fact that we had growth in the labor market with stagnant wage increases was a big plus for corporate America, [but] that was not good for the workers.

In all fairness, most of the credit goes to the Federal Reserve, not necessarily Obama… for keeping the economy in a positive direction by keeping lower interest rates.

People were still making the same amount of money they were making eight years ago.

The first couple of days of the year set the direction for the market. I don't see anything interfering here. I think enthusiasm is still there.

In spite of a strong dollar, today might just be the day we touch Dow 20,000. I think that'll be based on the fact that oil prices could make a stab toward $55.

We're looking at a higher opening today but the lack of any major economic news and the fact that market shrugged off Monday's events means stocks will drift in an upwards trend.

This market has gone up without taking a breather and will enter a cautious trading day as it awaits the Fed.

The biggest thing here is he's cutting down the pace of QE. He's keeping his options open in case something goes wrong, a similar route taken by the United States.

When we have run up so high, it's common that there is some sensitivity in the market, maybe due to softer oil prices or just the technical aspects of being at such high levels.

The Trump honeymoon continues. The focus now shifts to Black Friday and holiday sales.

We got some pretty strong durable goods orders. I think this is an indication of corporations stepping up, and that's an indication of higher economic performance.

I think oil, and commodities in general, are leading the way for stocks.

This is a Trump rally. On Election Day, institutional investors got caught on the wrong side, and you've seen them make major portfolio switches. The industrials and financials have led the rally in the Dow, and that has been due to [the possibility of] higher-growth policies.

While there is no question that the market's fundamentals remain precarious, we see the latest decline as overdone and a reason to believe the market is forcing OPEC to strike a deal at the end of this month.

What's happening here is the Fed is still expected to move this year and yields and the dollar are moving higher.

If this race turns out to be closer than what the polls are indicating right now, the chances of a contested election are high. That means the saga of this election does not end tomorrow.

This situation (Clinton email review) is going to keep the market in a very cautious trading atmosphere in this final election week.

GE was not that good and the fact that they cut their forecast is not helping the market here.

I think we're headed for a bumpy session with earnings leading the way.

It's also a jittery market ahead of the elections and of course the prospects of a rate hike in December.

I think the market is interpreting this as a possibility that the Fed may not raise rates in December. I don't buy it, but I think that's how the market is interpreting it.

I think yesterday's debacle was mostly due to yields moving to a new, higher trend. I think that spooked the market a little bit.

If we get a production cut, even if it's small, or even a production freeze, that's the best news we've gotten over the past two years.

The polls have both candidates neck-to-neck. The debates might increase the lead of one over the other and that's what the market is fearful of.

I think the real question over the next several weeks, as we get the next batch of data, will be whether December will be a rate hike of 50 basis points.

If you look at the report as a whole, it doesn't point to any trouble.

With the lack of macro news, the market is trapped in a sea of worry right now.

It appears to me that his comments wee a little less hawkish than other Fed officials, but still pointing to a rate hike.

The market over the past several weeks has been in a holding pattern, really not doing much of anything and the reason for that is everyone is waiting to hear what Yellen is going to say.

The economic news was not all that bad. ... And you've got oil prices trading higher.

The markets are going to be driven by earnings reports while geopolitical problems take a backseat for now. The handful of results that we have got have been okay and earnings have mostly beaten expectations. It shows that corporations are still making money, and that's what counts.

Japan sent a powerful message to the market. So, the rally continues.

I think what we're seeing is the successful election for [Shinzo] Abe ... is fueling the rally here. Basically, it's a post-labor report rally helped by the elections in Japan.

In terms of economic growth ahead, we're looking at a possible recession in Great Britain, stagnate growth in Europe and less growth in the States. The world is going to be in for a long period of low interest rates. If it gets too rough there's a possibility that the U.S. Fed may have to take us back down to zero interest rates.

The markets are the best judge of what is going to happen and they are saying that Britain will remain. The key is the strong jump in the pound.

This week's economic news was not all that bad but certainly it doesn't point to the economy exploding to the upside anytime soon.

There is a good possibility we may see the S&P make a new 52-week high as enthusiasm continues to build.

Obviously there are several major events that the market is going to focus on and could cause a bumpy ride for stocks today.

Focus remains on the Fed's next move and as you take a look at all the economic indicators we got last week, it certainly suggests that the economy is improving.

I think what oil will do today is support a steady to higher trading day. I think oil helps but it plays like a balancing act between the Feds and macro news. investors were watching recent data for indications on the timing of the next Fed rate hike.

The numbers came in much stronger than we expected and that will help alleviate the market's concerns over retail. The number also puts the rate hike back on the table.

ADP shows the job market has cooled off. That could mean one of the significant pillars of the economy is beginning to weaken.

I think investors are going to be on edge and the main action is going to be on the FOMC and Bank of Japan later in the week.

I think all of these factors could cause a very volatile session today, with an upward bias.

That's basically flashing a green light for investors. the comments could be interpreted as indicating fair valuation in stocks and no potential recession in the U.S. economy.

I think the Fed (speakers) are basically just comforting to the market.

The central theme of the day will be the Fed and whether or not there's been an increase in the Fed members deviating from the Yellen team. I think the early part of the session we'll move up a little and follow the price of oil.

The real reason for the market coming down in the last couple of days is the Fed rhetoric. Certainly the comments out of Bullard and some of the others indicates we're getting closer to a rate hike.

I think with oil and rethinking (ECB President) Mario Draghi's powerful message that he sent to the markets, because he did do more than we were expecting ... I think that rethinking of the actions is going to lead the market higher along with higher oil prices.

The buildup in inventories is not good news because wholesale inventories are plentiful at this time. That could raise suspicion in face of economic growth going forward.

We are looking at a rally at the open, helped by the recovery in oil prices.

There was talk that Iran was willing to work with the Saudis, and that calmed the market.

The market is likely to take its cue today again from oil prices.

Obviously it's all about oil again, leading the market lower.

That's another indication the economy is continuing to slow and an indication the Fed is going to hold off in the first half of this year.

I think it will be all about earnings and maybe this time earnings can trump oil if it's moving higher.

CPI fell even though the core rate remained (relatively) unchanged. I think if this continues the Fed may have to change course. There's no question the markets are oversold. You look at the earnings, they're basically coming in on target.

I don't think that the rest of the market is headed for a bear market, but certainly there's a bear grip that could take us down another 3-4 percent in the S&P 500.

The focus remains on oil and the impact of low oil prices, which points to slowing growth and possibly, even stagnant to negative growth here in the United States.

I think that an element of this is short covering and besides energy, some of the comments out of Fed speakers, especially Bullard, are saying (inflation could be pressured by low oil).

It's all about oil. (China) trade data negative but still better than expected. That's a relief for the market in general.

It's going to be harder and harder to produce solid earnings, unless the global economy picks up.

It's a very strong labour report that indicates, notwithstanding some weaker economic activity, the private sector continues to add workers, which is a good sign.

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