Jeff Kleintop
Jeff Kleintop
economic reaction seeing soft
Once again, we're seeing a reaction to soft economic data.
costs driving fears flu fuel gold prices rising skilled struggling wages
Not only are avian flu fears and fuel costs driving prices higher, but gold prices are also on the rise. Meanwhile, wages for skilled laborers are struggling to keep up with rising expenses.
based changing christmas economic mix price reflects service
The Christmas Price Index reflects the changing economic mix in the U.S. away from manufacturing to a more service based economy.
economy expect move north recent
But with the recent data, I expect that to move north of 5 percent. The economy is pretty strong.
appear bleak certainly consumers corporate headed perhaps profits spending warning
Consumers still do appear to be spending their (tax) rebate checks, but perhaps not as aggressively as we would have hoped. Certainly corporate profits still look pretty bleak headed into the third-quarter warning season.
change might people
Not as much is going to change as people might think.
bit fed report strike strong
It may be a little bit of a buyers' strike ... if we do get a strong (payroll) report tomorrow, it suggests the Fed is going to have to be more aggressive.
company compelling finding
It's about finding the right company with a compelling story.
company compelling finding huge leader sector tech
It's not a sector play. There's no real huge leader like tech was in the '90s. It's about finding the right company with a compelling story.
above break despite fed finished good level light looks market raising ready seen until volume
Technically, the market still looks pretty good despite the light volume we've seen this week. But we're probably not ready to break out above this level until we get a better read on when the Fed is going to be finished up raising rates.
generally good news oil prices
Oil prices are slipping, and that's generally good news for the market.
bond impact line markets neutral numbers report stock
The impact of the report is pretty much neutral for the stock and bond markets because the numbers were pretty much in line with expectations.