Marc Pado
Marc Pado
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.
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.
coming facing large market number realize tough
We are facing a large number of Katrina-related warnings, ... The market is just coming to realize that it is going to be a tough September.
basic break bull economic energy likely market materials needs numbers point profit rate strong threaten weak
From now on, strong economic numbers threaten another rate hike. Weak numbers point to profit disappointments. What the bull market needs is a catalyst, which would likely need to be a break in energy and basic materials prices.
card earnings iranian key market obviously resolved short wild
Obviously the Iranian thing is a wild card and nothing's going to get resolved in the short term, but the earnings are really what's key to the market and any longer-term perspective.
market post settle unexpected
Post 'quadruple-witching', it would not be unexpected to see the market settle down a bit.
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.
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.
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.
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.
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.
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.
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.
cycle heading likely market months opportunity percent seems worst year
If you're going into the worst year of a four-year cycle and heading into one of the worst months statistically of the year, then it seems like a likely opportunity for the market to see its 10 percent correction.