Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
few items news outlook report tech term
The news from Cisco was disappointing for tech investors. The longer-term outlook was positive, but shorter term there were a few items in the report that unsettled.
news tech
The news from Cisco was disappointing for tech investors,
change expects fed future gives hints outlook quarter raise wants
Everyone expects the Fed to raise (a quarter point) and everyone wants to see if there is a change in the outlook that gives hints about future meetings.
bond caught finally market stock
The bond market finally caught up with the stock market.
closed earnings hesitation lower lows moved oil prices stock tech
Stock prices moved lower for most of the day, but closed off their lows after oil prices retreated. All in all, there was a lot of hesitation before the earnings by the two tech bellwethers.
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It's going to be an interesting week for the markets with a slew of economic and corporate news on tap.
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It's been a choppy few weeks. While the Dow and the S&P 500 have started to perform better, the Nasdaq is still below its 50-day moving average and its January highs.
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The primary reasons behind the back-to-back triple digit losses for the Dow are fears of a U.S. policy of protectionism against China and rising oil prices.
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We're seeing a continuation of the trends that were generally in place through much of the first quarter. We continue to see a number of uncertainties below the surface, but investors have mostly focused on the positives.
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I think the last few weeks have probably been frustrating for investors. Earnings have been very positive, but the focus has been on interest rates. Over the next few sessions, it looks like the fear of higher interest rates will probably outweigh the earnings.
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I think the number is likely to be below the median estimate.
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We're likely to see a correction this year after the run we've had, as well. But the outlook for third and fourth quarter earnings has been good, and if the economic data continue to improve, we could see a slightly more narrow decline that what people have been expecting.
apple bit buyers created drag dramatic seeing seen step tech
We're not seeing a lot of follow-through in the Nasdaq. You're not seeing a dramatic weakening in the index, but Apple created a bit of a drag for tech stocks, and we haven't seen buyers really step up to the plate.
buyers conviction either far seeing
We're not seeing a lot of conviction, either by buyers or sellers, so far this week.