Ken Tower Quotes
It's not that everything is perfect. But the overall tone of the economy and the level of both consumer and corporate confidence is quite high. 
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Perfect | Tone | Economy | Level | Consumer |
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These are things that people can be nervous about and, yes, they're concerns. But let's face it: the world has trouble almost every day. It's probably not a major factor for our market.
- Ken Tower
Only 10 New York Stock Exchange stocks made new lows yesterday, so it's clear that there is a great deal of underlying market strength. Industrials remain the clear winner, as they reached another new high yesterday. Financials had a huge rally and also closed at a new high. Leadership will eventually shift back to tech, energy and basic materials, but we're not there yet.
- Ken Tower
Friday was an ugly day, but it was an options [and] futures expiration Friday, and that may have exaggerated the decline. Additionally, there were still a lot of stocks making new highs for the week as a whole. Longer-term traders can start looking for buying opportunities. I don't think there's any rush to find those opportunities, but it's too early to panic on the overall market trend.
- Ken Tower