Marc Pado
Marc Pado
continue data excuse fed figures investors past provide raising rates relieved revised slightly though
Even though the figures were revised slightly lower, investors were relieved because the data won't provide the Fed with an excuse to continue raising rates past January.
bulls continued crude help market obstacles positive rally reinforce represent retail sales strength support weakness
While we would like to see a follow-through day, the positive implications from yesterday's rally should help reinforce a support under the market at Tuesday's intraday lows. Weakness in same-store retail sales and continued strength in crude will represent the first obstacles for the bulls today.
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.
bulls continue earnings opportunity roll
The bulls had a real opportunity. Earnings continue to roll in, and for the most part they are in-line or better than expected.
coming concerns continued energy fallen further increases market oil prices push quickly rates several support taken trading war winning
In the war of rates vs. oil, one would have to say that oil is winning out. Concerns of further rate increases are coming to fruition, yet the market has continued to push higher. Energy prices have fallen quickly and have taken out several trading support levels.
attention continue december earnings employment market needs next plate report shift starting step
By the end of this week, the attention will shift to the December employment report and then on to earnings starting next week. By the end of the month, earnings and forward-looking projections will be what needs to step up to the plate if the market is to continue the rally.
averages bulls carry claus clearly expect highs next rally santa year
The Santa Claus rally is clearly underway. I expect to see the bulls carry the averages to new 4 1/2 year highs right into next Friday's close.
added additional basis faded fed gave investors juice june market needed overhead points potential rally serious time yesterday
Every time investors think the Fed is going to be one-and-done, they rally the market 100 points. Yesterday was no exception. The potential for an additional 25 basis points in June faded from over 50% to about 28%. That gave the market the added juice it needed to penetrate serious overhead supply.
although earnings focal main starting
Earnings will be the main focal point, although the rumbling is already starting about the upcoming FOMC meeting.
last perhaps yesterday
Yesterday was perhaps as technically disappointing as last Friday.
anticipate clear fed funds soon stop trying
The 10-year has been trying to anticipate the fed funds rate. As soon as (Fed policy-makers) made it clear that they weren't going to stop at 4.75 percent, there was a big jump.
growth positive rather
Most everyone has rather positive expectations for double-digit (corporate earnings) growth for the first quarter. That is already 'baked in the cake'.
ground help hold looking mergers
Mergers are looking to help us hold our ground today.
coming date flows money tax
With the tax date deadline, you're getting money flows coming into the market.