What our economist thinks at this point is that we have probably seen the last of interest rate hikes by the Fed, which could be a positive thing for the transportation sector, |
What we'll be focused on in early January will be more reports on how the holiday season went for retailers. |
Yet again we're seeing relative strength in the technology sector and we've really seen this for about a week. Big Tech is leading the market and that's a good sign for that sector. |
You could see a bit of a correction in early January on the stocks that have done really well in this end-of-2004 rally. Otherwise, you might see a quiet period. |
You're seeing a little relief buying after the pressure of the last three days. There was a lot of selling on the speculation about Rita, but now that it's getting closer to where it's expected to hit land, there's a backing off. |