The drop in productivity was larger than most people were expecting. It may become a factor in today's trading session. |
The GDP figure was kind of a double-edged sword. It points to the fact that the economy is slower but that also takes pressure off of (interest) rates. |
The market is really waiting for a little relief in terms of interest rates moving higher. |
The market is really waiting for a little relief in terms of interest rates moving higher. Once we get that relief of the Fed being done, you'll see the market start to concentrate on fundamentals and the fact that we're still going to see pretty good earnings growth this year. |
The risk is definitely on the inflation front and its implication for rates. |
There was a little concern over some of the comments made by one of the Fed presidents. |
There was nothing surprising in the speech. That opened the door for a late buying opportunity. |
Things have slowed down, but it's still positive growth. We think they'll raise rates tomorrow, and one more time before year-end. |
To a large extent, the market is being driven off earnings. Industrial companies are once again pushing higher, but tech has been a mixed bag. The big issue for that sector [has] been the outlooks. |
We're still seeing takeover activity. That's positive. |