Ned Riley
Ned Riley
appears consumer happened report retail sales spending today
What really happened today is the retail sales report set the right tone, ... It appears that consumer spending is down.
companies far financial high interest rates reporting seen stocks tech
I think the story is going to be the same going forward. We're going to see the tech companies reporting well. But the high interest rates we've seen so far have undermined some of the financial stocks and drug stocks.
bond bonds favorable less market negative rally report stocks
I think the bond market has already discounted a favorable report but not a negative report, ... If we see something less than 150,000, bonds will rally and stocks may, too.
based commentary decent earnings future holding huge investors january meeting rally reporting reports weeks
The rally in the first two weeks of January was based on expectations that we would have a decent reporting period. Largely, that's been true, with many earnings reports meeting or topping estimates. But unfortunately, the commentary about the future has been a huge downer. That's one of the things holding investors back now.
ahead happens jobs report
The jobs report is the cornerstone of the week. But a lot happens ahead of it.
feeling investors report terms wage
The report will give investors some feeling in terms of wage trends, and inflation,
earnings investors leader light looking needs reports technology though
Technology needs to be the leader on the way up, because it was the leader on the way down. Even though the earnings reports are miserable, there's a light at the end of the tunnel. That's what investors are looking at right now.
celebrated next report
The May payrolls report will be the celebrated one next week, and there may be some controversy around it.
earnings host pain prior punishment reports slow work
The fundamental environment, because we still have a whole host of earnings reports to come out, could work to slow the rally. But much of the pain and punishment has already been absorbed prior to the end of the quarter.
breath calmed claims declined holding labor people report saw shares sold tomorrow yesterday
The unemployment claims declined a little, so that calmed some nerves. We saw some short-covering (buying of shares sold short) yesterday (Wednesday) and we may see more of that today, but I think people are holding their breath a little for the labor report tomorrow (Friday).
dearth good market negative news sign
There has been a dearth of negative news, which to the market has to be a sign of good news.
below fall higher investors market oil prices start work
We're nearing an inflection point. I think the market will start to work higher as investors become more comfortable with higher oil prices -- particularly if oil can fall below $50 -- and after the presidential election.
beginning demand earnings economy loan looking next people picked test
We're just beginning to see justification for the market's rise, with the earnings that have already come in. The next test comes tomorrow, with the banks. People will be looking to see if loan demand in the economy has picked up.
tech win
You had to be in tech to win in this period.