Over the next few trading sessions, it will be important to watch whether the stock market sells off on rising volume. If that should happen, that could mean a spring correction is on the way. |
Pepsi's report looked pretty positive, in addition to Cisco, which is a bellwether in technology industry. Cisco's results last night were certainly a positive. |
Right now, I think the market needs a catalyst in order to get out of this difficult environment. Hopefully if oil prices continue to decline and move back into the mid $50s, that could turn sentiment more positive on Wall Street. |
So far the earnings season has gotten off to an underwhelming start, ... I think the positive news from Intel is just what the market needed and is likely to lead to a favorable opening on Wednesday. |
So far the earnings season has gotten off to an underwhelming start. I think the positive news from Intel is just what the market needed and is likely to lead to a favorable opening on Wednesday. |
So far, we haven't seen a major increase in core inflation, all we've seen is a sharp rise in energy prices. It seems logical that higher energy prices should start to feed through to higher inflation. |
Stock prices moved lower for most of the day, but closed off their lows after oil prices retreated, ... All in all, there was a lot of hesitation before the earnings by the two tech bellwethers. |
Stock prices moved lower for most of the day, but closed off their lows after oil prices retreated. All in all, there was a lot of hesitation before the earnings by the two tech bellwethers. |
Temporarily, the market may have run out of gas. On a technical basis, we're looking overextended, so you're seeing a little profit taking, |
Temporarily, the market may have run out of gas. On a technical basis, we're looking overextended, so you're seeing a little profit taking. |
Texas Instruments' numbers were broadly in line with estimates, but there may have been some disappointment that they didn't raise the high end of the range. |
That's likely to remain the case until we start to resolve a few of the issues overhanging the markets include interest rates, energy prices and the strength of the economy over the next several months. |
The bond market finally caught up with the stock market. |
The Dow is up and GM is certainly having an impact on that, (while) the Microsoft news is a bit of a psychological damper. |
The economic data over the next several weeks are going to be difficult to interpret, and it'll be interesting to see how the market reacts, |