The mood remains positive, but I think after the run you've seen, there is the risk as we move deeper into the earnings reporting period over the next week or so, that you have a little selling on the news.
You see some individual companies reporting disasters while others are beating street expectations. So that's positive. That shows that the rut in that particular group is probably coming to an end.
The focus will shift from earnings to the presidential election, ... We're in this last part of earnings reporting and most of the damage has already been done. There's not one sector that has not been raided.
The focus will shift from earnings to the presidential election. We're in this last part of earnings reporting and most of the damage has already been done. There's not one sector that has not been raided.
It's a cautious day at the end of an up quarter, ... I think we'll continue to see caution next week as we await the start of the third-quarter earnings reporting season, and look at some of the key economic numbers, particularly the unemployment number Friday.