Tim Heekin
Tim Heekin
cushion earnings economic good light news provide sort week
This week is pretty light on the economic news. The first-quarter earnings should be good and should provide some sort of cushion for the markets.
bonds coming fixed funds income money pension seeing shifting weeks
What started this two weeks ago was the big pension funds and other institutions coming in, seeing that bonds were getting over-valued and shifting money out of fixed income and into equities.
continue few four gets hands months next people since sitting weeks
In the first four months of the year, people made a lot of moves, but since then, I think people have been sitting on their hands a bit. I think that will continue in the next week, but a few weeks from now, it gets more interesting.
eight energy group last leaders market pair performing sort technology weakness weeks worst
Citigroup was disappointing and financials are the worst performing group today, ... You pair that with weakness in technology and energy -- the two leaders for the market over the last eight weeks -- and you have sort of a ho-hum day.
last people vacation week york
It's the last week of August, people are on vacation and a lot of the big institutions in New York are half-staffed.
creates news people taking week
A lot of people are taking the week off and there's not much news, so that creates this volatility.
bit corporate created last news positive potential rally volume week
The news created volume on positive speculation about other potential corporate mergers. However, last week was a down week, so we have a little bit of a bounce-back rally Monday.
economic friday hugely news next rest week
There's no economic news out Friday or Monday, and the economic news the rest of next week is not hugely influential,
hints market numbers people watching week
All of the numbers this week are potentially market moving. I think people will be watching the numbers for hints about inflation.
good healthy jump looking partly path people percent remains resistance trends
There are good trends everywhere. Some people are looking for a 5 percent to 10 percent correction, partly because they think it's healthy and partly because they want a pullback so they can jump back in. But the path of least resistance remains up.
bunch interpret market rates rise seems
You can interpret it a bunch of ways, but all I know, and all that the market seems to know, is that short-term rates are going to rise, and they're going to rise really soon.
gained half huge move
You had this huge down move on Tuesday, you gained half of it back yesterday, and more of it today,
highs hitting tear today
We've been on a tear and it's just kind of flattening out today after hitting some near-term highs yesterday.
across behind carry fourth late market people percentage picking positive third
Financials are picking up across the board, that bodes well for the market, ... Being such a big percentage of the indices, if people are getting behind financials late in the third and fourth quarter, that will carry the market positive in 2005.