It's a lack of conviction to step back in. Everybody was hoping someone would come in on the buy side and find a new short-term bottom but I think we're setting ourselves up for a tough summer.
What investors are telling us here now is that there really is no catalyst to step back into this market right now. People are waiting for this market to rally or at least stabilize.
It's welcoming to see the market give a little back.
At the beginning of the year, it was what will technology do to help the economy and now it's what will the economy do to help technology.
There really is not clear guidance to what the outlook is going forward.
Volume is not convincing because many investors are not convinced that they should step back into this market and there is very little catalyst to step back in.
Mondays are just horrible. People really just don't know what direction to take.
It's no longer what techs can do to help the economy, it's what can the economy do to help out techs.
There's zero catalyst to step into this market and it is this Fed meeting that has people at a standstill.
You definitely see people coming back in. On any little dips, you see 'buying on dips' again because people wanted to see stabilization. Now they have a renewed confidence in the market.
