Markets opened modestly lower after yesterday's big rally and then the ISM number came out just barely above 50, stocks are recovering a little bit, but it goes on the side of the ledger that indicates that the U.S. and the global economies are certainly not growing at a robust rate.

Paul Nolte

Categorized in : Company News

I don't know how strong the case is for impeachment, so I don't know what will happen with that. We react first and think later.

GDP growth was not fabulously good and not fabulously bad. It builds a case for the Fed to cut rates by 25 basis points and then sit on the sidelines for the remainder of this year.

The poor number indicates that we are suffering alongside the rest of the global economy and that it is having an impact on the U.S., the U.S. has been the best house in a lousy neighborhood and maybe that is changing.

There's so much in the background - trade, government shutdown, earnings season - you're going to have these big swings in the markets based on the latest data, (Investors) are getting more bearish and less optimistic about the outlook.

It looks as though we're just taking a bit of a break after a goo... by Paul Nolte

It looks as though we're just taking a bit of a break after a good run last week.

The market is anticipating a very good earnings season and ignori... by Paul Nolte

The market is anticipating a very good earnings season and ignoring any trade issues.

The market is anticipating a very good earnings season and ignoring any trade issues, we're not likely to get much color on trade from this earnings, so the expectation is still for a very good season.

Industrial stocks are being hurt by the trade sanctions announced by the U.S. and compounding it is the stronger dollar.

They're reasonably priced. It doesn't mean they're screaming cheap. You can start to accumulate them here.

You have kind of a mixed bag of earnings numbers ... the economic data generally speaking was pretty good and that's leading to a little bit of mild buying in the market.

I think there is some negative reaction to the announcement by the Bank of Japan. The economic data and earnings reports were also not fabulous this morning.

Energy prices have been weak for sometime now, but markets have chosen to ignore them, I think today's move may bring the markets' focus back on energy.

We're now on to the next shiny new object and that's earnings season, as long as companies beat earnings estimates, investors will feel comfortable buying stocks.

Today's decline is not a surprise as investors have had a chance to take a step back and look at things and go, 'Well maybe it's not all that good'.

I think this is a short-lived rally. by Paul Nolte

I think this is a short-lived rally.

Yellen's speech tells me that Federal Reserve is going to follow through with what all the Federal Reserve governors have been saying in the past six weeks.

Some acquisitions, news of Berkshire taking a stake in Apple and higher oil prices are driving the market, i think the markets should stay here most of the day.

Markets are still struggling with the dichotomy between the ECB a... by Paul Nolte

Markets are still struggling with the dichotomy between the ECB and the Fed.

We're in a window right now of roughly between 2,000 and 2,050 (for the S&P) that is fairly important for the market. That's the point at which the market broke down in August. If we can hold above 2,000, that would be a good thing.

We're in a window right now of roughly between 2,000 and 2,050 (for the S&P) that is fairly important for the market. That's the point at which the market broke down in August. If we can hold above 2,000, that would be good thing.