Stephen Massocca

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Last quote by Stephen Massocca

There's momentum in the market. There's lots of cash. Even though the Fed's about to reduce their balance sheet, you continue to have incredibly aggressive monetary policy. That continues to lead to money flowing into the market almost in an indiscriminate fashion.feedback
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Sep 18 2017 Amazon
This (North Korea) is all sort of tangential to (the) American corporate economy and profitability. It is kind of a thin field this week, so it's not tough to move stuff around. I didn't see it as something to have a significant impact on the market and lo and behold everything has rallied back.” said Stephen Massocca on this article: GLOBAL MARKETS-Stocks, dollar recover ground as N.Korea jitters ebb. This page contains 25 articles quoting Stephen Massocca. Main topics on which Stephen Massocca is quoted are September and U.S.. In addition you’ll find 49 quotes there. All these quotes are mentioned on this page and you can filter them by date and by topics.
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Stephen Massocca quotes

May 12 2017 - Nordstrom vs. Trump

The numbers were light again, people don't seem to be spending money despite employment and income numbers being good. It's concerning.feedback

Feb 23 2017

We're due for at least a rest, if not a correction. We're way overbought. All this Trump stuff is very pro-business, very pro-growth, and as annoying as he might be to a lot of people, the substance of what he's done so far, the stock market is telling you about.feedback

Feb 23 2017

It's political wildfire, if you ask me. People walk into the store and something that was $20 is suddenly $22, and they start asking why.feedback

Feb 01 2017 - Protectionism

Numbers have been very good. Corporate America has great profitability so the numbers are justifying this valuation. I'm not saying stocks are cheap. But they're not super-expensive. If we get true protectionism, we get tariffs, all that's bad news. That's not good economics. Some of the stuff they're doing is what every other country does – taxing imports but not taxing exports. That makes sense.feedback

Feb 01 2017 - Travel ban

For all his bluster and ridiculous behavior and thin-skinnedness, the actual things Trump has done and the people he's appointed and the decisions he's made, except for the [travel] ban … in terms of steering the state, are pretty good.feedback

Dec 02 2016

In terms of calling bank growth, I just don't think that's the story. I think the story with banks is really the change in the regulatory environment.feedback

Dec 02 2016

I certainly wouldn't choose the bank sector here right now. I think it's certainly overbought from a technical standpoint.feedback

Nov 22 2016

It's too early to tell ... but it appears there's not a lot of damage, so I think the currency move is going to reverse itself.feedback

Nov 17 2016

The Russell is the one that's really gone haywire. Relative strength is 74, and in the last five years it's never been there before.feedback

Nov 17 2016

[The stock market is] reacting to what people think is going to be very pro-business legislation.feedback

Nov 17 2016

The S&P is not as stretched as the Russell.feedback

Nov 17 2016

We are due for a correction. It's a pile of newspaper kindling and some logs. All we need is the match.feedback

Sep 21 2016

The body language makes it sound like they're warming people up for December.feedback

Sep 08 2016

The election is tightening, but no one thinks Trump is going to win. The popular vote looks close but when you look at the electoral college, it's not close.feedback

Sep 08 2016

So are we waiting for the September employment report on the first Friday of October? Is that the next piece of news that matters?feedback

Aug 31 2016

Oil is dragging the market down, and I think the fear is building that if the employment number is good, the Fed will pull the trigger.feedback

Aug 15 2016

I think we're extended here. I think we're due for a pullback, but as long as interest rates stay where they are, stocks aren't going to go down a lot. We're 200 points off the June bottom. We had a 10 percent rally … It's a tinderbox right now. All it needs is a little spark.feedback

Aug 10 2016

The markets were extended, not only price-wise but psychologically (they) have been extended. It's only natural to see a pullback here and I think this pullback is something that could continue for a little while.feedback

Jul 23 2016

They're going to start setting people up for September. The economy is clearly getting better and we're seeing less concern about international events.feedback

Jul 13 2016

We're going to start seeing earnings and they're not going to be terrific.feedback

Jul 13 2016

It was pretty clear that there was going to be this increased demand for stocks because of what was going on in the bond market, but that kind of has gone away for now.feedback

Jun 25 2016

There's going to be a lot of reconsideration, pausing, certain deals that were contemplated are going to change. But ultimately, this is not going to have a fundamental impact on how the world goes about doing business.feedback

Jun 23 2016

If 'Remain' wins, then probably the (U.S. stock) market will move higher. If 'Leave' wins, it will be a mirror image of that - there will be an immediate sell-off that could be rather severe, but once cooler heads prevail, the market could move back higher.feedback

Apr 26 2016

I think they'd telegraph something if they were going to say something. If you look just at the U.S. economy, it makes sense to raise rates, but if you take all the international machinations including currency relations into account, it makes it more difficult to raise rates. The yen and euro I think would react dramatically to a significant change in U.S. interest rate policy at this point.feedback

Apr 26 2016 - IPhone

I think [the stock market] is due for a little pullback, quite frankly. I think it's a little overbought. The S&P at 17 times [earnings] is not cheap. I think the current monetary regime is a stock market flotation device.feedback

Apr 26 2016 - IPhone

I think there'll be a lot of eyes on Apple, and on earnings in general.feedback

Mar 21 2016

I think people are starting to become concerned about valuation here. Given the rally that we've had over last few weeks, stocks are extended and susceptible to bad news.feedback

Jan 06 2016

The big influence continues to be concerns about what's going on in China.feedback

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