Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
below continue focused generally investors mostly number seeing trends
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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We're really seeing almost a stealth rally today. Some of the most beaten-down groups of the last few days -- like airlines and retailers -- are seeing gains. But it's not just them. Five out of 10 S&P 500 groups are up at least 1 percent.
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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.
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We're not seeing a lot of conviction, either by buyers or sellers, so far this week.
earnings increased investor major oil rise season seeing worry
There's a major rise in oil prices, increased investor worry about the upcoming earnings season and you're also seeing some profit-taking after the market's six-week run-up.
looking market profit run seeing technical
Temporarily, the market may have run out of gas. On a technical basis, we're looking overextended, so you're seeing a little profit taking,
bigger biggest democratic despite energy market national rally seeing week
Despite the Democratic National Convention, the biggest story of the week has been energy prices. That's prevented the market from seeing a bigger rally off these oversold conditions.
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Looks like the stock market has gotten off on positive footing after yesterday's broad-based decline. We're seeing gains in eight of 10 S&P sectors. The data that came out so far was pretty much in line with expectations. Looking ahead, investors will be keeping an eye on auto sales.
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The market's trying to stabilize. We're seeing some strength in a few of the beaten-down sectors, including technology and basic materials.
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The markets so far have been unable to build on yesterday's gains, and right now are being held hostage by the bond market. But we are seeing some strength in semiconductors, energy stocks and some of the metals companies.
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Looking into the second quarter, what could move us higher is a decline in oil prices, lower bond yields, solid economic data that is non inflationary and stronger growth on the earnings front.
ahead experience hangover holiday investors looking market next question
Looking ahead to next week, the more important question for investors will be: 'Will the market experience a holiday hangover as investors take profits?'.
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Looking ahead to 2005, we are moderately optimistic and are looking for a stronger performance in the first half of the year followed by some weakness in the second half of the year.
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Markets are in a trading range right now, consolidating gains after the last few months. A lot of investors were looking to this week's data as a way to break out of the range, but what we've seen has left enough doubt in the minds of the bulls that we aren't likely to break out of this range in the next few sessions.