Angel Mata Market Quotations

The market's digesting the recent gains. Investors want to see what the market's going to do. Absent of big news, I don't think the market does anything but go sideways here.

There are a lot of mixed signals right now. Some of the negative tone has to do with the fact that we're starting to see more human casualties. There's a weight on the market that this is getting really messy. People aren't used to this kind of war.

It seems AIG surprised everyone on the heels of news that Chubb reported a complicated quarter. The market doesn't want to hear any bad news right now, and it's giving people reason to sell.

Historically, you can't have an up market without banks leading the way. Today it's an earnings rally again led by the banks.

One of the things the market wants to see is that the Fed is finished raising interest rates.