22 Quotes by Evan Olsen
- Author Evan Olsen
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Despite the spike in yields, everyone is sure the Fed is near the end of the rate-hiking cycle and the focus is shifting to earnings.
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- Author Evan Olsen
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Apple was a disappointment last night. It's kind of leading the techs down. That group seems to be getting hit harder than the overall market,
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There's been a lot of activity in restaurants and stores on fears there will be damage to their operations.
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Consumer confidence is the big number today, ... I wouldn't be surprised by a market rally if the numbers come on the stronger side.
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It's mostly just celebrating that Rita didn't turn out to be as devastating to the Gulf as feared, and energy prices are down, ... Almost all sectors benefit because people have more money to spend.
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It's very, very early in the earnings season, but so far it's been pretty good. We started (the day) with people optimistic after yesterday, but the enthusiasm has faded.
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A rise in oil prices always has a negative impact for most stocks, except for the ones in the energy sector. Today's upgrades though are certainly a positive and may help lift some stocks.
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In general we try to cut our positions at the end of the day and even more so on a weekend. Ahead of an event like this, you're going to be a lot more conservative than normal.
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- Author Evan Olsen
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Investors are feeling that we've seen the bulk of the gains already so they're taking some money off the table. There's no major catalyst to keep this rally going.
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