It looks like bad news is bad news and we have the grim reality of a slowing economy.
More Quotes from Bryan Piskorowski:
We're giving back a little, but you need to put it in perspective. The Dow lost 1,700 points from July 5 to last Wednesday, and then made up north of 1,000 in four days. So a little profit taking, particularly when you've got weak consumer numbers and other factors is certainly no surprise.Bryan Piskorowski
Selling on the news has been the mantra for second-quarter earnings season. What's more has been the bull's inability to piece together any kind of winning streak, ... With sustainability in question and anxiety abounding about tomorrow's (Thursday's) Employment Cost Index and Friday's second quarter GDP, few players are willing to step up to the plate today.
Bryan Piskorowski
On the other side, in the box makers, we like Gateway. We think that we're through with the seasonally slow period. The fourth quarter is going to be the key for this stock and it has good positioning here.
Bryan Piskorowski
We are in a bit of a news vacuum as we wait for the deluge of corporate earnings reports.
Bryan Piskorowski
The fact that bonds are falling has the markets a little worried. The past couple times that oil spiked, bonds rose higher and the equity investors took solace in that. Now you've got to wonder if bonds are feeling the effects of inflation as well.
Bryan Piskorowski
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