Paul Mendelsohn
Paul Mendelsohn
adding clear compared continue economic employment entering growth jobs number people possible previous stay time
It's clear that employment growth this time around has been sub-par compared to previous economic recoveries. You need about the number of jobs that we're adding now just to stay even with the number of people entering the economy. It's very possible that we're going to continue to see sub-par growth.
break range stuck tight volatility
We're stuck in a tight range with a lot of volatility as we try to break out.
economists employment evidence expecting finally jobs months october picture providing rose straight traders turning
Most traders will really be positioning for the October employment report. Economists are expecting that non-farm payrolls rose by approximately 50,000 during the month, providing evidence that with two straight months of employment growth, the jobs picture is finally turning around.
crude falling higher hit materials oils recent rotation themes
One of the recent themes has been the falling dollar, higher materials and commodities. If that is reversing, you could see a rotation out of materials and commodities. At the same time, oils are getting hit by falling crude prices.
almost coming next week
Next week is big. You have something coming out almost every day of the week that's important.
employment handle investors july june key next numbers week whether
I think a lot of investors want to see the July numbers and get a handle on whether June was just an aberration or a harbinger of things to come. The key next week is going to be that employment report.
advance bit continue few hit point resistance rise soon technical venture
I think the rise can continue a bit longer. We're going to hit some resistance soon from a technical point of view, but I venture to say that this advance could go on for a few more days.
fall quarter range
I think in the first quarter we'll fall back into the 1210 to 1246 range on the S&P 500.
antsy few mid next stretching weeks
It could get a little antsy in the next few weeks and stretching into mid January.
certainly dominated investors issue today weighed wonder
I think the issue that dominated today was the Wal-Mart announcement, because it made investors wonder if we're going through another slowdown, ... That certainly weighed on stocks.
based happens higher intel looking major opening overnight quite suspect unless update
Overall, the Intel mid-quarter update was quite bullish. I would suspect unless something major happens overnight you are looking at a higher opening based on the Intel news.
intel quite update
Overall, the Intel mid-quarter update was quite bullish,
confidence consumer good helping higher hopes report signs stock supportive today turn
Hopes for a good report on consumer confidence today is helping stock futures this morning. Any signs of higher confidence, which turn into higher spending, will be supportive to the markets.
bottom bounce gone good hoping month position trading virtually
I'm hoping that because we've gone through virtually a whole month of selling, we'll be in a position to get a good bounce off of the bottom of the trading range.