422 ordspråk av Barry Hyman
Barry Hyman
The Nasdaq broke its support levels last week because of IBM, Cisco, and Computer Associates. The S&P was weighed down by its tech exposure. Another key story next week is whether the Dow follows the rest of the market or can it continue to hold in the gains.
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The Nasdaq is a different ball game. It's not a credit-sensitive sector.
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The next three percent move for the S&P could be up, and that would take us to important resistance levels. The question is what is the bias beyond that, what is the next five percent for the market? That's not clear.
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The number is going to be received as neutral. There was worry that something stronger would keep the [Federal Reserve] going. This came in at a very sweet range. There is a bit of concern with a bit of wage inflation, which corroborates yesterday's poor productivity numbers.
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The numbers look good, but it's two quarters in a row that analysts are skeptical about how they're reporting their numbers.
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The only way I can see why the market is not reacting to several negatives out there is the anticipation of one more (rate) hike and we're done.
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The P&G story is a lot more significant than just its relationship to P&G.
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The payroll numbers were extraordinarily supportive for the economy. But counter to that, the report brings back the Fed and inflationary prospects, and that's why you see just a modest up day.
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The PPI number on Friday gave us a little bit of a hint that there most likely will be a hike on August 24th, but that'll be it,
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The price of energy should spook investors. So far, the market is foolishly accepting of the price of oil without a negative reaction as long as it doesn't break out to a new high.
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The price of oil and the weaker euro is absolutely having an impact, ... This is a market searching for a reason to go higher but this is a core root economic problem that could exist and the market is quickly coming to the belief that there is no overnight fix.
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The price of oil and the weaker euro is absolutely having an impact. This is a market searching for a reason to go higher but this is a core root economic problem that could exist and the market is quickly coming to the belief that there is no overnight fix.
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The problems are the same: Interest rates are high, and the economy is strong. It is affecting those sectors that are credit sensitive.
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The productivity number is key toward determining whether the economy can show some stabilization. We've seen weakening numbers, which hasn't helped, but there is no inflation story to talk about here.
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The productivity numbers today (Thursday) and tomorrow's (Friday's) report do nothing to support a bullish market, ... I would be concerned if we saw the unemployment drop below 4 percent because that would show the economy is not slowing down.
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