Nicholas Colas

The market has some misgivings about a President Warren or Sanders, the market is probably okay with a President Biden.

We don't have a playbook for this. by Nicholas Colas

We don't have a playbook for this.

I would expect a rough day for stocks tomorrow since this attack largely came out of the blue, i'm not overly concerned that it's more than a one-day move, though. We're not yet talking about a large-scale military intervention in the region.

Most managers get paid on earnings growth. If they anticipate bonuses will be slower, they will sell stock to make up the gap, it's one more sign that managements know this will be a tough year for growing earnings.

Investors are showing real caution about the pace of economic growth for the US next year, confidence is falling.

This was considered to be a safe haven, but it ended up being a very crowded trade. And we know what happens to a crowded trade when the tide goes out.

It needs a new narrative, there is every chance that if there is some sort of institutional involvement, there could be a move higher.

While the attack was in Europe, stocks all around the world will see pressure on Monday, the typical.

Investors are looking for a steeper yield curve. They were looking for the Fed to lift off. They were looking for the long end of the curve to sell off and yields to go higher.

There's some concern about what impact this will have on corporate earnings going forward, especially for the big multi-national companies.

Valuations are reasonable now. They're not low anymore, we're at a level where we'll still make new highs, but there will be a lot more volatility on the path higher.

There's a lot of rhetoric out there, some of which feels like name-calling, all of which makes the situation read as worse than it used to be.