Tom Schrader
Tom Schrader
ahead biggest certainly hesitation news number
Friday's payrolls number is certainly the week's biggest news, and you may see some hesitation ahead of that.
aside calmed concerns definitely dollar people
I don't think people have set aside dollar concerns long-term or even intermediate-term, but definitely right now, short-term, people have calmed down about it.
activity knows people stretch talk terror worried
I think people are very worried that this is going to stretch out, particularly if it's close. No one knows who is going to win, or when they will win, and there's still talk of terror activity around the election.
chicago consumer numbers sentiment
We've got some weighty numbers tomorrow, with consumer sentiment and Chicago PMI due.
based basically gains seen since
We've kind of stalled here. Basically we've seen some profit-taking based on the gains we've had since mid-October.
indicator main people report waiting
I think the unemployment report is the main indicator people are waiting for this week.
dollar everybody iraqi kept loves meeting military morning news rally today
I think the rally got started by news of the super-secret meeting with the Iraqi military this morning and just kept going from there. Everybody loves equities and the dollar today and everything else is down.
busy earnings economic impetus last later less move news today until week
Last week was very busy and I think today there is less impetus to move. There's no earnings news, no economic news until later in the week, and so there's nothing really to move us.
higher trying work
We're off our highs, but we're trying to work it back higher again.
capture earnings humanistic level reacting usual
While the capture is important on a humanistic level for the market, after reacting to it overnight, we're back to the usual focus: earnings and the economy.
bit continue definitely expect rally seeing
We're definitely kind of seeing a little bit of a year-end rally here, and I would expect it to continue this week.
continue earnings last less nice october rally rallying reports since supporting time week
This is more or less a continuation of the October effect. Since about mid-October, we've been rallying and that's traditionally the time you're going to see that. We've had some nice earnings reports in the last week supporting a rally and we're probably going to continue to see that.
danger
The danger is that we're getting a little overextended,
allow consistency fee flat
The flat fee will allow consistency for the marketplace.