Trump's comments to the U.N. were very antagonistic toward China. In the last couple of weeks there's been optimism trade would go in a positive direction, it was the tone and the fact he listed out in great detail all the gripes the U.S. has with China.

Chris Zaccarelli

Categorized in : Business

It was the tone and the fact he listed out in great detail all the gripes the U.S. has with China, all that trade optimism that's been building has been sucked out of the air and replaced with pessimism.

Chris Zaccarelli

It's the lull before earnings. There's not as much enthusiasm for buying, investors don't think companies will surprise as positively as they did in the first quarter.

Chris Zaccarelli

The Fed clearly will not raise interest rates, but I think you will see a slight move in position where The Fed is going to suggest that they are looking to raise rates at least once this year.

Chris Zaccarelli

We’re seeing companies, on average, beat on the top and on the bottom line, we’re seeing the resilience of the consumer and that’s been the story of the earnings season so far.

Chris Zaccarelli

We see a continuation of the last couple days. It’s roller coaster in reverse. We did the drop first, and we’ve been climbing back to the top ever since.

Chris Zaccarelli

With comments from President Trump and Cuomo suggesting this is going to get worse before it gets better, investors are coming to the realization the virus will be with us for longer than they would have expected, because of that the bear market is going to last longer.

Chris Zaccarelli

Because of that the bear market is going to last longer, the longer people stay home the longer it takes for the economy to restart and the longer it takes for corporate earnings to come back.

Chris Zaccarelli