Quotes from the news wire:
The number one thing is that earnings are better-than-expected and what’s more interesting is that as we approach the end of the year, we’re going to see forward guidance being lifted, which would make the market multiple more reasonable.
Found on Reuters 3 years ago
The last few weeks there’s some uncertainty with Delta, so the market is really looking forward to estimates.
Found on Reuters 3 years ago
It’s all coming down to the 10-year yield, the rate of change. The reason you’re seeing a little relief (today) is because it’s not going straight up, it’s taking a bit of a breather and the market likes that, the only game in town right now is going to be equities until those yields go up more materially and people can earn something in fixed income. There’s nothing to compete with equities and that’s why you’re seeing every 3% to 5% dip bought.
Found on Reuters 3 years ago
We are taking some breather (from the two-day rally), (but) there is some uncertainty out of China that the market wants a little clarity on, but, effectively the trajectory is positive into year-end and we should see some further modest appreciation of the general indices.
Found on Reuters 3 years ago
This is the first time that continuing jobless claims beat expectations and it shows that more people are starting to go back to work and this is very positive for the economy.
Found on Reuters 3 years ago
If it had a chance of passing, we’d be down 2,000 points.
Found on Reuters 3 years ago
You are just seeing blow out earnings from the banks and all the data pointing to a very strong reopening, so it’s a day for (the so-called) ‘reopening trade’ with strong financials.
Found on Reuters 3 years ago
The biggest risk that could cause a (stocks) sell off is the development of COVID-19 variants, a slowdown in the reopening and persistent inflation.
Found on Reuters 3 years ago
If any lesser mortals had made the decision to put part of their balance sheet in Bitcoin, I don’t think it would have been taken seriously, but when the richest man in the world does it, everyone has to take a second look.
Found on Reuters 3 years ago
When it backed off a little bit, the market breathed a sigh of relief.
Found on Reuters 3 years ago
All eyes are on tech as it now has a chance to regain some of the strength that it lost in recent months.
Found on Reuters 3 years ago
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