Michael Malone Market Quotations

Given the fact the market rallied very strongly last week we are seeing a bit of consolidation here,

Recently, when yields move down, the market has moved up. Investors are looking to the fact generally that economic growth worldwide is robust right now, so you're seeing a lot of these multinationals that participate in that doing quite well.

There is nothing specific to today's market that is driving us higher. If anything bad news has significantly outweighed good news, particularly given Intel.

ISM prices paid came a bit higher than expected and that stoked some inflationary concerns, ... I am bearish on the market right now for two reasons -- the Fed has indicated it's going to keep raising rates and there's been recent evidence that gas prices are beginning to weigh on consumer spending.

The market has run out of steam here, at least in the short term.

The market has been languishing for the last couple of days over concern about rising interest rates. But we've seen a little bit of relief there and you've also seen oil prices come off. It still doesn't feel if there is much conviction behind the move.