Jack Ablin
Jack Ablin
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Gold is creating a psychological dark cloud over the market. With gold on the upside and inflation fears, the numbers we get tomorrow will clarify some of these concerns.
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We're still getting more negatives on the economic front today, and this is a period where we're really looking for economic growth to avoid a Fed rate cut.
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We're certainly on solid footing on an economic front.
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We have some very ugly numbers. You can argue that the ISM is still backward looking, and maybe even the jobless claims, but eventually we're going to need some evidence that the economy is improving. We had a lot of enthusiasm coming from earnings, but the news today is a little bit of a slap in the face that we're not out of the woods yet.
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We can't believe any trend right now, until the issues tied to this conflict are resolved. Unfortunately, in this kind of market there's going to be no clear direction. We're going to be in this holding pattern for the next few weeks, at least.
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I would infer from the statement that the Fed is somewhat more sanguine on the economic recovery. Perhaps they believe that $55 oil prices are, at least for the time being, something of the past and that jobs are just improving at a moderate pace.
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I would not expect investors and traders to make any big bets ahead of the number tomorrow. It clues us in on growth in the economy but also inflation.
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Traders found some weakness in the factory orders in the ISM report after digging around.
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The tick up in oil prices hurts, but history has shown that interest rates have a much bigger impact on the stock market than oil. And looking at the ISM services number, you're seeing the kind of gradual, lazy improvement in the economy that's not going to really get rates going.
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Generally, Wal-Mart can give real-time data faster than the government, because they can just pull this off their cash registers.
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Investors have their rally caps on for year end, and we're doing it with speculation. With a good inflation report and strong growth, it seems to be the perfect elixir for Wall Street.
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Investors are taking stock of earnings and questioning whether they should be as optimistic as they are.
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Investing in a mutual fund is like riding in a bus; your progress depends in large part on other people and what they're doing. An exchange-traded fund is closer to riding in your own car.
both good
In both fees and commissions, they're in good shape.