Stephen Massocca

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Last quote by Stephen Massocca

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.” said Stephen Massocca on this article: Dow pulls off a stunt it hasn't done in 30 years. This page contains 18 articles quoting Stephen Massocca. Main topics on which Stephen Massocca is quoted are September and U.S.. In addition you’ll find 27 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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