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. Paul Nolte More Quotes by Paul Nolte More Quotes From Paul Nolte Investors will be content to sit on the sidelines today and wait for more earnings numbers tomorrow and some economic data. Paul Nolte company-news I think it will be a generally very quiet day and investors will be content to sit on the sidelines today and wait for more earnings numbers tomorrow and some economic data. Paul Nolte company-news 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 company-news Investors are still very nervous on the global markets, i think it's buying of what has done poorly and selling of what has done well in the last two-three days - a little bit of bargain hunting, a little bit of taking advantage. Paul Nolte company-news I think it's just more of a relief rally and it's going to be important to see the market hold the rally and maybe even improve as we go through the day. Paul Nolte company-news Investors are sitting back and still assessing the Fed comments and looking more closely at global economic data. Paul Nolte company-news Today's rally is a bit of a catch-up after we saw global markets do well on Sunday night and Monday morning, investors are also being forced back into equities because even after the recent swings, there aren't any other options that will give the type of returns that equities does. Paul Nolte company-news People are still nervous about overseas and what might happen tonight. Nobody wants to sit around and see what happens. Paul Nolte company-news You didn't have the snap back you would have expected to reverse a move like yesterday's. People are still nervous about overseas and what might happen tonight. Nobody wants to sit around and see what happens, our fundamentals are not nearly as bad as those in China, so it would be logical to see us rally. But we're still beholden to events in China. Paul Nolte company-news We are not going to see a lot of earnings growth in the second half of the year as the economic data hasn't been very strong, the fall in commodities is also a concern that global growth is slowing and that ties into U.S. growth too. Paul Nolte company-news We are not going to see a lot of earnings growth in the second half of the year as the economic data hasn't been very strong, the fall in commodities is also a concerns that global growth is slowing and that ties into U.S. growth too. Paul Nolte company-news The commodity markets are lower which are a concern because if those prices fall then economic growth isn't as strong as we thought. Paul Nolte company-news Revenue growth is very weak and unless you see some sustainable growth, we'll continue to see sideways movement for the rest of the year. Paul Nolte company-news U.S. markets really are taking their cues from what's happening outside the country as we head into the earnings season, valuations are still high and earnings are going to be rough with companies adding not more than 1-3 percent year over year. We expect the market to continue moving sideways for the remainder of the year. Paul Nolte company-news The U.S. is the cleanest shirt in a dirty laundry. That's why the dollar has been strong and we can talk about raising interest rates, but unless the global economy turns around it's going to be hard for the U.S. to remain that clean. Paul Nolte company-news I doubt we'll see a rate hike this year, the market is weighed down by debt. It's very difficult to see consumer spending ramp up substantially unless the debt levels fall. Paul Nolte company-news Even though the market closed up on Friday, more stocks were lower for the week and that points to weakness, we could see some sloppy action for the next couple of sessions. Paul Nolte company-news We anticipate a little bit of a pick up in the second and third quarter, its not going to be enough to warrant the Fed to raise rates but its certainly not weak enough to push us into recession. Paul Nolte company-news Certainly, the first quarter was slow, we anticipate a little bit of a pick up in the second and third quarter. Its not going to be enough to warrant the Fed to raise rates but its certainly not weak enough to push us into recession. Paul Nolte company-news M&A activity gets everybody excited in that sector. Paul Nolte company-news
