On the day, you're just seeing traders take some profits in response to an overbought condition after the rally, but longer-term there is a real concern about the bond market being at a 45-year low and the risks of deflation, |
On the day, you're just seeing traders take some profits in response to an overbought condition after the rally, but longer-term there is a real concern about the bond market being at a 45-year low and the risks of deflation. |
Texas Instruments' conference call left people pretty cold. That broke the momentum of that group and has spilled over into other tech stocks. |
The market has been oversold with all the fear. So partly, you're seeing a response to that, |
The market is technically oversold, so you could see a short-term bounce, but without a resolution to the Iraq question, you're not going to see anything substantial. |
The overriding issue is are we going to get one more rate hike or several. |
The PPI today obviously affected the bond market, ... Stocks are more neutral right now in that you have oil stocks, materials and drug stocks doing well today, and that's countering the concerns about inflation. |
The PPI today obviously affected the bond market. Stocks are more neutral right now in that you have oil stocks, materials and drug stocks doing well today, and that's countering the concerns about inflation. |
The stock market initially got pretty spooked by the strong March payrolls number, ... At that time, the futures market was signaling no rate hike until November. Now, it's signaling August. |
The stock market initially got pretty spooked by the strong March payrolls number. At that time, the futures market was signaling no rate hike until November. Now, it's signaling August. |
The underlying fundamentals remain decent, but the pessimism is getting higher. The biggest hindrance right now is oil prices, part and parcel with Iraq. |
There are a lot of cross-currents going this week. Bond prices have been falling sharply, but it hasn't seemed to help stocks. Then you've got all the earnings pretty much coming in in-line but not providing many surprises. |
This is a slight pullback from the rally we've been enjoying. But, we're very optimistic for the remainder of the year. We think it's up, up and away. Not to the heights of the 90s, but maybe a 10 percent rise from here. |
To the extent that there remains pressure on stocks even when the company reports some good news means that on a broader level, people don't want to own anything right now. |
We may see this push and pull for the next few weeks. |