This is the first day of the month, you may have seen some end-of-the-month portfolio selling dissipating, ... And this is the day that Microsoft is distributing $33 billion in cash, so there is some anticipation of that finding its way back to the market. |
This resiliency is something that's very impressive. |
Today bonds rallied because of the softer new home sales, ... Yesterday, bonds fell because the purchasing managers report was too strong. Now we go to Friday and the non-farm payrolls, which is the main part of the economic reporting cycle, and if that number comes in too strong, the bonds get whacked again -- and so do the stocks. |
Today bonds rallied because of the softer new home sales. Yesterday, bonds fell because the purchasing managers report was too strong. Now we go to Friday and the non-farm payrolls, which is the main part of the economic reporting cycle, and if that number comes in too strong, the bonds get whacked again -- and so do the stocks. |
Tomorrow (Tuesday) we get numbers on industrial production and housing and big reports from Intel, Coke, Johnson & Johnson -- maybe that can turn us around. |
Translated, the Microsoft ruling was a major event, but it was so predictable as to have little immediate impact. |
We are in a bit of a vacuum with the long three-day weekend coming up. Tomorrow will be a vacuum kind of day. |
We had a good day with surprising strength, but I need to see a follow-through tomorrow to believe it will stick. |
We have good earnings today, but there's just too much good economic news. We're increasing the likelihood of a rate hike in June. The data are coming in stronger than expected, so the Street is expecting another hike. The better the news, the more likely the Fed will tighten. It's a strange phenomenon that good news can be bad news. |
We knew deep down there was some good news in the bottom line, but we were beginning to have our doubts. |
we may have gotten overbought a little. We are probably going to see a pullback in the next few days. |
We remain in a stimulus vacuum and the underlying motif this week will be the Federal Reserve meeting next week. |
We say it again and again, but it's true that everything depends on the consumer, since around 70% of our economy is based around consumer spending. |
We will be challenged by fourth-quarter earnings. |
We're completing the first quarter now, but we're still getting data from the fourth quarter. This is old news. I fail to see what relevance this will have for the market today. |