The Fed pivoted so abruptly, which gives one pause about what they're saying about the economy, flat to falling interest rates are not good news for bank interest margins. It's not surprising that analysts are taking down earnings estimates.

Chuck Carlson

Categorized in : Top News

Investors looking at the (airlines) group, are technicians, traders, people buying distress for fairly quick bounces, long-term investors are saying 'Do I want to sit with airline stocks, that may take four to five years for sustained moves upward, or put my money elsewhere,'.

Coming off yesterday, you've got short-term bargain-hunters coupled with potential fiscal stimulus hopes, it may be the biggest benefit is not actually what's getting done - it's that there appears to be a plan.

Today we've got a situation where we've got a flat market, which would indicate that markets are comfortable with earnings and that expectations had risen given the rally going into the earnings season.

The virus is, if not a diversion, it's something the traders are going to capitalize on, it matters, but it matters to a subset of the market, not with investors who are looking past the next 24 hours.