There were 15 minutes to go in the trading day on a Friday ... after the Dow had risen 700 points in the last two days, anything that was less than a comprehensive agreement was likely to see some degree of market sell off. Michael James More Quotes by Michael James More Quotes From Michael James Anything that was less than a comprehensive agreement was likely to see some degree of market selloff, the timing had a lot to do with the volatility. There were 15 minutes to go in the trading day on a Friday. Michael James business What all of that combined is going to do is ensure there is going to be elevated volatility in both directions in the next few days. Michael James top-news What all of that combined is going to do is ensure there is going to be elevated (market) volatility in both directions in the next few days. Michael James top-news I think the pricing on the Apple TV service was definitely a positive surprise, that's why you're seeing the hammering in some of the other video service-related names like Netflix, Amazon and Roku. Clearly, that was a positive that people were happy to hear. Michael James business Lower interest rates lead to lower mortgage rates (which) lead to increased demand for homebuilders, you counter that with potential concerns that, if a recession is coming, even if rates are at historically low levels, demand for everything is going to be somewhat mitigated. Michael James business It's become a matter of buyers remaining interested in continuing to buy stocks that they feel have been oversold and a lack of sellers' supply. Michael James business The fact that it has not been able to get through it and stay above that level has been a big psychological negative. Michael James business In spite of the disappointment from the financials, which have been and continue to be a laggard ... there's still relative strength. Michael James top-news You have mixed messages about tariffs coming out of Washington, it's creating a lot of uncertainty about the direction of the true intentions of the White House about tariffs in general. Michael James top-news Interest in the sector and the individual names is not going to dissipate. Michael James business It's been a very rough week for oil, and that has weighed (on part) of the market. And the continued pullback in yields have spelled weakness in the financials. Michael James business I don't think today there is any news that's particularly concerning other than disappointing guidance from Kohl's and disappointing results from Toll Brothers, i don't think it's anything other than some profit taking. Michael James company-news The weaker dollar and strength in commodity names is certainly helping to fuel the market's strength, multinational companies are all benefiting and helping to drag the market higher. Michael James company-news The stimulus to better stock price action is signs that the U.S. economy is, in fact, doing better. Michael James company-news Overall, the tone of the market has gotten much better in the last week, and nothing happened overnight to dent that optimism, even with China down nearly 6 percent. Michael James company-news The market's Teflon capabilities continue to demonstrate themselves again today as they have in the last week such that any signs of negativity are for the most part being shrugged off. Michael James company-news We’ve had a pretty significant bounce, today is just a bit of profit-taking from those that have benefited from the significant move. Michael James company-news Shoot first, ask questions later. That's the mentality of technology investors right now, any disappointment is being taken out to the woodshed. Michael James business Today is all about oil, better oil markets Thursday and Friday led to better equity markets. A $ 2 retracement in oil today, it's not surprising to see a retracement in the equity indices. Michael James company-news We've been in capital preservation mode since the year began and as the market has shown an inability to rally with any conviction, that's only increased the level of nervousness. Michael James company-news
