365 Quotes by Peter Cardillo

It's one of those days where investors are looking at the strong economic news for what it says about the economy, rather than what it could mean for interest rates.

We didn't see any major change out of France or Germany, ... While the reaction to Mr. Powell's speech at the United Nations obviously was positive, I think when people realized that Germany was not changing its stance and France wasn't softening too much, it was back to worries of uncertainty.

Basically the market is responding to the latest earnings reports and waiting to see what happens with Apple Computer after the bell.

The market is once again staying within the broader trading range, ... and in this case rotating out of commodity and related issues and buying tech and others that are perceived as being better values right now.

It looks as though the consumer isn't too worried about losing his job or spending his money.

Basically, the market is fearful now that the Fed may need to be more aggressive in raising interest rates.

We are seeing a continuation of this rotation process, with people selling some of the big tech and other gainers of the year, and putting money in sectors that still have room to gain, namely, industrials, metals, anything commodity-related,

The market is obviously going to eye energy prices. Oil's come down a bit, but gas prices are moving a bit higher.

Basically the market is continuing its defensive posture.