Would like to add some opinion on Monday and the week ahead in the hopes of hearing other points of view.
The general consensus seems to be upward movment in the market- this will be the start of earning season, starting with Alcoa on tuesday- expectations have been for poor results on the quarter but it seems that the focus is on what they see going forward. N. Korea just unsuccesfully fired a massive rocket, against the wishes of the world community. Unemployment is the worst it has been since 1983, 600+k jobs lost in previous month. The stock market has seem to have found a potential bottom and since rallied to an amount not seen since 1933.
What I see based on this on Monday is a slight selloff, a risk reduction based upon what we have seen over the past several days & in antipation of Tuesday's earnings reports/expectations going forward. A lot of people may look at this as a way to lock in their profits on the 20+% move the last month.
Opinions?
NYCDT
The general consensus seems to be upward movment in the market- this will be the start of earning season, starting with Alcoa on tuesday- expectations have been for poor results on the quarter but it seems that the focus is on what they see going forward. N. Korea just unsuccesfully fired a massive rocket, against the wishes of the world community. Unemployment is the worst it has been since 1983, 600+k jobs lost in previous month. The stock market has seem to have found a potential bottom and since rallied to an amount not seen since 1933.
What I see based on this on Monday is a slight selloff, a risk reduction based upon what we have seen over the past several days & in antipation of Tuesday's earnings reports/expectations going forward. A lot of people may look at this as a way to lock in their profits on the 20+% move the last month.
Opinions?
NYCDT