Bryan Piskorowski
Bryan Piskorowski
below coming conducive data economy grips help landing looking monetary percent plight policy question reality soft stocks support
We're coming to grips with the reality that we had an economy that was cruising at 3.6 percent and is looking at 2.7 (percent) or below in the third-quarter as a revision. The question is how soft a landing are we going to get. A more conducive monetary policy would help the plight of stocks but we've got to see some data to support that notion.
bit corporate earnings news vacuum wait
We are in a bit of a news vacuum as we wait for the deluge of corporate earnings reports.
america begin concerns consumer corporate global hold money move pick pushed question remained sidelines torch until
Also, global concerns have pushed money to the sidelines and it has remained there. As you move into 2003, the question becomes: Can the consumer hold on until we have corporate America pick up the torch and begin spending.
earnings economic major morning positive tape
This morning it was really a story of positive earnings on the tape and no major hiccups on the economic front. All in all, it's going to play out as a respectable but not blow-out earnings season.
cap close closer earnings large stick
And that's why we're going to stick close to the earnings tree, closer to the large cap names.
buying cash licking mild sidelines trying wounds
The Nasdaq is just licking its wounds and trying to rebuild. There's a lot of cash on the sidelines and there's some mild buying here.
bits bush close effect election fact george nuances
I think the fact that the election is so close is having an effect on the Dow. It's (the race) so close here that little bits of nuances like a 24-year-old story on George W. Bush is having an effect on stocks.
fairly healthy profit run taking week
I think a week of profit taking is fairly healthy after the kind of run we've seen.
basis definitely economy fed june question
Clearly, with GDP cruising at 5.6 percent, our economy is definitely steaming along, and that's got the Fed worried. And the question is, going forward: What do we see at the June meeting? Do we see another 50 basis points?
basically believe bottom clearly coming either fed feels hanging interest last line market meeting month obviously percent pinned position range rate side taking trading
Clearly trading here in the month of May feels more like August. But bottom line here, yes, we are, we're pinned in by interest rate uncertainty; we're pinned in by the Fed meeting coming up at the end of June. Obviously with those two things hanging over our head, the bottom line is the market really hasn't been taking a position on either side of the coin. In the last two weeks, we've basically been trading -- I can't believe this -- in the 10 percent range on the Nasdaq. But that's what it's been.
feels month trading
Clearly, trading here in the month of May feels more like August.
beating below clearly consensus earnings front mixed putting recent reported reports results suffering thus
After suffering from an oversold condition, recent earnings reports have clearly benefited the bulls. Putting this into perspective, one-third of the S&P 500 has reported thus far, with 72% beating the consensus estimates, while only 17% have come in below estimates. After some mixed results on the earnings front in tech, we are on the mend.
action costs good labor numbers pace unit
For the Fed, the productivity numbers and the very well-restrained unit labor costs are good news, confirming that they didn't have to take action to pace the economy.
positive shift structural
You've got HP today. You also have a structural shift, a seasonal shift that is very positive right now.