Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
earnings fear few focus higher interest last looks next outweigh rates weeks
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.
below likely number
I think the number is likely to be below the median estimate.
adds brought declining fact forefront global greenspan issue pressure trade
I think the fact that Greenspan brought the issue of a declining dollar, global trade imbalances and protectionism to the forefront adds to the pressure today.
carries fed goes hiking hold next performed period rate stocks
Historically, the three-month period before the Fed goes on hold in the rate hiking cycle, stocks have performed well and that carries on for the next 12 months,
companies given hard industrial past reports seen several strong technology
Given the strong reports we've seen from many technology and industrial companies over the past several days, it's hard to make too much sense of today's GDP report.
change data days early few growth investors optimistic past period pickup rally shows toward viewpoint willing
The rally the past few days shows investors are willing to look past this period of uncertainty toward a pickup in growth in early 2006. It's a pretty optimistic viewpoint and that could change when the data comes in.
companies deliver earnings given high prices stock tech trading
Given that tech companies are already trading at pretty high valuations, these companies' earnings are going to have to really deliver for the stock prices to show a substantial reaction.
among coal dose heavy including industry oil percent report results sensitive several steel
Just under 30 percent of the S&P 500 report results this week. Among the different industry groups, we'll get a heavy dose of economically sensitive names, including several from the oil and gas, rail, coal and steel industries.
commodity economy fact further inflation labor pause positive pressure remains signs suggest
If we see signs that the economy is in fact slowing, and inflation remains contained, then the pause is a positive for stocks. But if we see tightness in the labor market, pressure in commodity markets, that could suggest we will see further hikes.
bother continues faster greenspan impress rates rise stress
If Greenspan is more hawkish, implying that rates will rise faster than thought, that may bother investors, ... If Greenspan continues to stress that rates can rise at a 'measured' pace, that may impress the market.
advance broader entered following looks period profit short start strong taking terms
In terms of the broader market, it looks like we may have entered a short period of consolidation or profit taking following the strong advance at the start of this year.
comments deflation fed higher implies less sets stage worried
If you take all those comments together, it implies the Fed is less worried about deflation and more about inflation, all of which sets the stage for higher rates.
build buyers coming further higher market next push several start
If we can build on Tuesday's significant . . . turnaround, you could see buyers start coming back into the market and you could see a further push higher over the next several days.
build buyers coming further higher market next push several start
If we can build on Tuesday's significant intraday turnaround, you could see buyers start coming back into the market and you could see a further push higher over the next several days.