The existing home sales number was much weaker than expected. It's giving a reason to pull back a little bit.
More Quotes from Todd Clark:
Today it's all about rates. That was a much better-than-expected ISM manufacturing number. That clearly caught people off guard.Todd Clark
I don't see any reason why we would bounce -- there's no real compelling reason for people to buy. It seems like we're going to keep on undergoing pain.
Todd Clark
Maybe we'll get a little relief rally, a little more upside, but not a whole lot. Hopefully I'm wrong, but we still have some strong headwinds here.
Todd Clark
We got off to a good start off of the mergers and acquisitions news, but I think people just looked over their shoulder and saw rates continuing to back up and crude drift a little bit higher, and it's given them a little bit of pause.
Todd Clark
Most of the companies that have come out haven't surprised on the downside, ... People are thinking that there may be some pent-up demand on the corporate side, and as a result they're trying to buy that group in front of what may be some improved results.
Todd Clark
The war thing is getting overblown. We're talking about a market that's thinly traded. The only people playing it are hedge funds and trading desks. They have a vested interest in swinging it around.
Todd Clark
Readers Who Like This Quotation Also Like:
Based on Topics: Reasoning QuotesLet me say at the outset that I do not reflexively oppose international trade.
Richard Neal
I like the Raiders. That's my favorite team.
Paul Pierce
They developed a platform for me to put up another 12 years, and that was my ticket to Cooperstown. Those were the best years of my life. It was like magic.
Dennis Eckersley