Marc Pado
Marc Pado
cause crude decline earnings economic ending following friday investors list major meeting outweigh reports short sure tuesday
I'm not sure that Friday's decline will outweigh this week's long list of earnings reports and short list of economic data, ending on Friday with fourth-quarter GDP. Crude is making investors nervous, and by the end of the week, the FOMC meeting on the following Tuesday will also be a major cause for concern.
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.
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.
both components decent drop energy eyes far fed impressive investors january market needed pressures sales statements suddenly truly understanding wage
Had it not been for the impressive January same-store sales reports, decent forward-looking statements and the big drop in energy prices, the market drop would have been far worse. With the understanding that we needed to keep our eyes on wage pressures and productivity, both of those components suddenly soured investors on the idea that the Fed was truly done.
absorb companies fears fourth negative number quarter raises saw today
The negative productivity number we saw today about the fourth quarter raises fears that companies are not going to be able to absorb those costs.
attention good greenspan market news raised remove shifted time
Any time you remove uncertainty, it's good news for the market. Having raised the question, the market has shifted its attention to Greenspan from earnings.
good news remove time
Any time you remove uncertainty, it's good news for the market,
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.
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.
although earnings focal main starting
Earnings will be the main focal point, although the rumbling is already starting about the upcoming FOMC meeting.
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.
companies given interest likely negatives restrained rising statements
And the forward-looking statements that companies are likely to give will probably be restrained given all the negatives that companies see: rising interest rates, rising mortgages, a lot of concern.
bulls work
The bulls have some work to do today.