Paul Nolte
Paul Nolte
environment fact happens matter
We still like the fact that we're in an environment where no matter what happens in the economy, they (pharmaceutical companies) are still going to be doing business.
difference diplomatic east japanese less markets middle oil prices stellar week
What a difference a week makes, from improprieties in the Japanese markets to still-higher oil prices amid diplomatic rumblings in the Middle East to less than stellar earnings.
analysis bond came debating energy federal heading hikes looking moderation next prices residual seeing
We're getting a moderation in bond yields, and energy prices came down today. We're looking at things more favorably than this morning. There's still residual analysis about the Federal Reserve, and we're seeing some gamesmanship heading into next week's meeting, debating how more hikes we have.
economy figuring growth investors reasonable seeing strength translate
We're still seeing reasonable growth in the economy ... and investors are figuring this is going to translate into strength in earnings.
bond certainly competition good providing risks
We're still absorbing a lot of things. The risks right now are certainly still with the bond market. It's providing some good competition for stocks.
carry companies couple earnings gas large news ran
We ran out of gas after yesterday's large advance. We only had earnings news from a couple companies today, and that couldn't carry us.
overall paid prices
Overall it doesn't look too bad. The prices paid is a concern. We'd like to see it come down a little. It's an inflationary key.
game gives late loaded process putting running sentiment side top
Right now sentiment is all loaded on one side of the market. It gives you the idea we're running late in the game -- we may be in the process of putting in a short-term top in the market.
couple interested investors last selling strong telling trend volume weak
We have strong volume on down days, and weak volume on up days. That's the trend for the last couple weeks. That's telling that investors are more interested in selling than they are buying.
gains investors looking start stocks taking tech tend time tough weight
Stocks have had a real tough time maintaining gains this whole week. When we start taking a look around, gains tend to evaporate. Today, investors are looking at tech leaders. Those stocks are where the weight is being carried.
directly economy energy higher impact prices reason report service services
The ISM report did have a big impact on the markets, and part of the reason is that the economy is now more of a service economy. And services are going to be much more directly and more immediately impacted by the higher energy prices we have seen.
continue fed good growth hike job numbers pressure rate slow trends wage
The numbers are good from the Fed's perspective, even with November's ramped up numbers. Job growth is still slow and wage pressure has been nonexistent all year. If trends continue it could put pressure on the consumer. We may see the Fed have one more rate hike and then (be) done.
competition energy higher prices providing rise struggling
We're struggling with higher energy prices and also the rise in bonds, which is providing some competition for stocks.
context declining percent rally within
We could see a 3 to 5 percent rally and still be within the context of a declining market,