Monday morning you have the whole election thing going on with the (results) of the recount issue but the election is just a near-term phenomena. Everybody is worried about the economy with respect to where we stand. The notion here is that we have a slower earnings environment and a slowing economy. |
Most traders are fairly frozen. Everything right now is rumor-driven and report-driven, and it's probably going to stay like this for the next few days until we get a better sense of how things are proceeding. |
Next week, the market is going to be left to its own devices, there's really not much in the way of data. You've got some retail earnings and a few tech conferences. But this kind of stalling is healthy after the run we've had. |
On the other side, in the box makers, we like Gateway. We think that we're through with the seasonally slow period. The fourth quarter is going to be the key for this stock and it has good positioning here. |
On the upside, at least the buyers are stepping back in and it isn't just all sellers. We're seeing buying in gold stocks, energy, semiconductors and other oversold names. There's also a lot of economic data coming down the pipe in the next few days and that should give us more to chew over. |
One thing that we're still concerned over is the slowing earnings growth on a year-over-year basis. Likewise, we're still concerned about slowing economic growth. |
Productivity has been a feather in our cap for quite some time, so [the drop] is viewed as a disappointment. |
Rallies have been suspect until proven otherwise. You have to see a few more days to see a trend building. |
Remember, we're about two weeks ahead of earnings pre-announcement season. So, that's going to be our next major hurdle here with the market. But looking at the data, you have to say that the Fed have been vigilant and have been bringing us in for a soft landing. And I think that, while you do have some casualties there obviously, the retailers have had a really rough week here this week. |
Revised GDP is going to be key. If we have a weaker than expected GDP number that is going to weigh on the Fed, |
Selling on the news has been the mantra for second-quarter earnings season. What's more has been the bull's inability to piece together any kind of winning streak, ... With sustainability in question and anxiety abounding about tomorrow's (Thursday's) Employment Cost Index and Friday's second quarter GDP, few players are willing to step up to the plate today. |
Selling on the news has been the mantra for second-quarter earnings season. What's more has been the bull's inability to piece together any kind of winning streak. With sustainability in question and anxiety abounding about tomorrow's (Thursday's) Employment Cost Index and Friday's second quarter GDP, few players are willing to step up to the plate today. |
Some weaker-than-expected economic data is supporting the plight of equities (Thursday), ... With six rate hikes from the Fed now under our belt, we are beginning to see signs of an economic slowdown, suggesting that there could be light at the end of the proverbial tunnel. |
Some weaker-than-expected economic data is supporting the plight of equities (Thursday). With six rate hikes from the Fed now under our belt, we are beginning to see signs of an economic slowdown, suggesting that there could be light at the end of the proverbial tunnel. |
Stocks are extending their win streak to two today as bargain hunting and good news on the earnings front brings the bulls back. |