Marc Pado
Marc Pado
add companies fail fourth holiday likes nobody season
Nobody likes to fail in the fourth quarter. There are going to be companies that did well in the holiday season and they will be able to add to gains.
left market oil plenty plus production
Net-net, there's probably plenty of oil in the market. OPEC left production quotas, so that's a plus for the market this morning.
broken clear current earnings expect expected fed focus levels rate shift support supports
Those very short-term support levels were broken yesterday, but the supports under the current levels are substantial. Now that the Fed has made it clear that we will see one if not two more rate hikes, the uncertainty has been removed. We expect the focus to shift to first-quarter earnings results, and they are expected to be good.
continue expected fed market needs question recent retail sales shows slowing whether
Yields, especially on the long end, have been dogging the market in recent weeks. And retail sales down more than expected shows enough of a slowing to question whether or not the Fed needs to continue to act.
afternoon event sets tone
It's probably going to be the one event in the afternoon that sets the tone for how we finish.
bullish buying faces january looks market negative technical
It looks like some seasonal New Year's buying will give the market a bullish start, but this January faces many negative technical obstacles.
above average basis bigger broader cautious comments faces factors impact moving today
It will impact the Dow but on broader basis it won't do much to the market. I think there are much bigger factors today such as the semiconductor index above its 200-day moving average and it faces some cautious comments out of Merrill,
behind bullish data earnings economic federal higher hour interest iran market opinion plenty positive rally rates releases rising strong sway threat
It will take some strong earnings and bullish forecasts, as well as positive economic data, to keep the rally going. There are plenty of economic data and earnings releases to sway market opinion from hour to hour and day to day. Behind it all, there is the rising threat of geopolitical tensions with Iran and higher interest rates out of the Federal Reserve.
bit positive rise
It's a little bit (bond) positive because GDP did rise as expected.
companies hear pulse retailers tech
What we need is to hear from companies that take the pulse of the consumer. Tech will be one of those groups. Retailers will be another.
ball broken crude curve focus high hit markets needs news question tone turned yield
There is no question that the tone has turned more positive. We haven't broken out yet, but the markets are poised. Now all we need is for the news to hit the ball out of the park, and it needs to be perfect. Crude is still high and the yield curve is still flat, but the market's focus is on other things right now.
domino effect negative news
It is a domino effect of negative news.
hikes impact quite rate
We're not going to feel the impact of these rate hikes for quite some time.
looking morning slightly start stocks
This morning stocks are looking to start the day slightly lower.