I expect they will stay the line, although the possibility of going from a neutral to a tightening bias has increased.
More Quotes from Peter Cardillo:
Cisco is the excuse today (Thursday) for the pullback, but we're also entering a period of reflection after the recent rally. I think we could see a 3 to 4 percent drop over the next few sessions, before we get back on track.Peter Cardillo
As long as there is no inflation this is extremely good for the financial markets and also for the bond market. What we saw a couple of weeks ago was a backup due to technical factors rather than any fundamental changes.
Peter Cardillo
Any time Philip Morris ( MO ) comes into some pressure, I like to accumulate it. I think we're looking at a stock that has a lot of value here. I think for investors that want a safe bet, Philip Morris is a great buy.
Peter Cardillo
The key is obviously inflation. A lot of inflation talk could reverse the thought that the Fed is ready to pause after the January meeting.
Peter Cardillo
It's a cautious day at the end of an up quarter, ... I think we'll continue to see caution next week as we await the start of the third-quarter earnings reporting season, and look at some of the key economic numbers, particularly the unemployment number Friday.
Peter Cardillo
The fact that oil fell out of bed is certainly propelling the market today,
Peter Cardillo
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