In the short term, the market was very oversold, global demand remains lackluster at best and while I expect the market to move mostly sideways, whatever action we are going to see today is going to be very sloppy. Adam Sarhan More Quotes by Adam Sarhan More Quotes From Adam Sarhan I think what's happening today is the markets are in a wait-and-see approach ahead of the next big catalyst, which is earnings season, the way I see what's happening today is just a little bit of rotation occurring where you're selling leadership and you're buying undervalued, or you're hunting for value. Adam Sarhan top-news Central banks are doing their best to step in and send stocks higher, i think the Fed is more than ready to follow suit if market conditions worsen. Adam Sarhan company-news Investors are looking for clarity on two major catalysts - earnings season and Federal Reserve. Adam Sarhan company-news Investors are looking for clarity on two major catalysts - earnings season and the Federal Reserve, it's normal for the market to pause before a major level of resistance like 2,134, move sideways for a few days, even a few weeks and then blast off again. Adam Sarhan company-news This is a classic case of' buy the rumor and sell the news', over the last few weeks, stocks had soared in anticipation of more easy money, and now that we've got the news, stocks are selling off. Adam Sarhan company-news We're seeing this little rally from the last three weeks continue for now, you've got a notion the market has shifted back to the easy money trade. In the short term, that helps lift asset prices, but long term, that's not good. Adam Sarhan company-news We're now seeing a lot of weaker-than-expected economic data coming out, the bullish catalyst just isn't there to justify further rate hikes. Adam Sarhan company-news Oil is deeply oversold. The stock market is deeply oversold. The inability for the market to rally from deeply oversold conditions clearly tells you how weak the market is. Adam Sarhan company-news As we close out of the year, it's been a tale of two tapes, with narrow leadership holding up the major indices, while the vast majority of the market continues to underperform, the big story today as investors wrap up the year is that after all that's said and done, it's a flat year for the S&P 500. Adam Sarhan company-news Stocks are relatively quiet this morning, which is somewhat normal, after last week's shellacking. Adam Sarhan company-news The big obvious elephant in the room for this week is the Fed. Adam Sarhan company-news Investors are waiting for more cards to come out of the deck and with the ECB meeting tomorrow and the Friday jobs number, there are a lot more data points to digest. Adam Sarhan company-news Today's data bodes well for Friday's jobs report and the hawks in the Philadelphia Fed. Adam Sarhan company-news Investors are pausing to digest the very strong six-week rally we had in October, and so far, this appears to be another healthy and shallow pullback in both size and scope. Adam Sarhan company-news Earnings are a mixed bag but you've seen the market rally over the last six years without strong earnings. Adam Sarhan company-news The market is in wait-and-see mode till the The Fed meeting and till we get more news out of China, the market is pausing to digest the steep August selloff and I expect the sideways action to continue for a while. Adam Sarhan top-news What the Greek government is doing is almost unprecedented for developed nations, i don't remember anytime in recent history where a developed nation literally shut down its banking system for an entire week. Adam Sarhan most-read-articles Barring an unforeseen event, the Fed will not be keen to rock the boat, i think Yellen has hedged her bets very carefully and remains data-dependent and I don't see a change in that strategy at the end of the meeting. Adam Sarhan company-news There is no need for the Fed to raise rates now. The economy simply is not strong enough and that's what today's data tells us. Adam Sarhan company-news So far, the Fed's been data dependant and the data including today's GDP numbers on average continues to be weaker than expected. Adam Sarhan company-news
