The market will be looking for a flat unemployment number and a small tick up in jobs, and if the market doesn't get that, it's gonna feel it.
More Quotes from Peter Canelo:
I think techs are not as overvalued as some people believe. I think they're going to have incredible earnings next year and I think they're going to lead an upside break out in the market, which should begin sometime in the middle of the fourth quarter.Peter Canelo
International investors get scared and pull their money out of these stocks. They don't know what impeachment is, they don't care about the fine points. But they're scared.
Peter Canelo
For the first time in this cycle I'm getting a little nervous.
Peter Canelo
In the last three years, bonds have done OK, with yields around 6 percent. But the stock market has more than doubled.
Peter Canelo
We still have a lot of uncertainty with Brazil, and with what the government will do or not do.
Peter Canelo
The market isn't cheap. But I think strong participation from foreign investors is helping and the (planned) cut in the (U.S.) capital-gains-tax rate makes the market cheaper.
Peter Canelo
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I let people know that it was all right to do the kinds of things I did.
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