So far the corporate profit outlook remains positive. I don't hear a lot of companies saying they're going to reduce their profit forecasts because of interest-rate concerns, and that's a positive for the market.
Eric Kuby
We're not seeing anybody really beating earnings estimates and that certainly is pouring cold water on any enthusiasm for an earnings-driven surprise rally.
estimates surprise water enthusiasm cold
The political turmoil in Iran turned the mood from positive to negative going into the week and that seems to be coloring people's interpretation of the earnings. My sense with Apple is that in the current mood of the market, no news would have been good enough to support the stock.
sense negative positive good support political news market mood iran interpretation apple turmoil
The hopes that you're going to have strong corporate earnings fuel the market to rally further are significantly damaged by the reports we've had so far.
strong hopes market corporate
There's a huge amount of activity that is controlled by hedge funds, and they're trying to find some performance after a bad last year.
bad find performance
positive market hear corporate profit outlook
We've gotten good reports from a variety of companies, supporting the thesis that corporate earnings are going to increase in the double digits this year.
good variety corporate
I think people feel comfortable that we're near the end of the interest rate (raising) cycle.
people end feel interest comfortable
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