Paul Nolte
Paul Nolte
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.
adding chasing coming commodity economic fall focused inflation investors market numbers reacting rest trading until weaker
Investors are chasing commodity prices. Until we fall even lower, though, we're still in a trading range. We'll be very focused on inflation for the rest of the week. Economic numbers are coming a little weaker lately, adding to why the market is reacting poorly.
difference favor margin means numbers pass pressures price rest struggling
If you look at the difference between PPI and CPI, the numbers have been in favor of PPI. What that means is that corporations are still struggling to pass through price hikes. We should see margin pressures on corporations through the rest of the year.
continue driving economic markets numbers remain
The economic numbers are driving the bus. As long as the numbers remain kind of weak, if it doesn't look like we're getting much of a turnaround, then markets can continue to slide.
crazy expensive
We went from being expensive 10 years ago to crazy expensive, and now we're back to just expensive.
companies earnings enthusiasm expect few good pounding saying table terrific wild
Few companies are pounding the table and saying things are terrific so there's not the wild enthusiasm you would expect with a good earnings season,
context declining percent rally within
We could see a 3 to 5 percent rally and still be within the context of a declining 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.
attention economic paying phenomenon worth
But that's more of a short-term phenomenon than anything worth paying a lot of attention to, ... it's going to come down to better economic numbers.
erosion expect gradual movement sharp stocks
I don't expect to see a sharp movement in stocks -- it will be a gradual erosion over time.
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.
aging coming concern expense fact integral keeping looking patents population possibly
There is some concern over drugs coming off of patents and the expense of those drugs, and in some cases, such as with Pfizer and Merck, the efficacy issues, ... But we still can't get away from the fact that we're looking at an aging population and drugs are an integral part of keeping us going as long as we possibly can.
certain coast colored confidence consumer gulf helping increased low number speech spending surprised terribly
To a certain extent, Bush's speech about increased spending in the U.S. Gulf Coast is helping the market. I am not too terribly surprised that consumer confidence is low because the number is colored by Katrina.
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.