There's some worry that the economic growth won't be as strong as had been hoped and that's taking stocks lower, ... It's the combination of GDP not growing as fast as had been hoped, and the Dow Transports, which is a leading economic indicator, falling as well. |
There's some worry that the economic growth won't be as strong as had been hoped and that's taking stocks lower. It's the combination of GDP not growing as fast as had been hoped, and the Dow Transports, which is a leading economic indicator, falling as well. |
This is a pause, a period of minor consolidation after a rally. I'd be more concerned if the breadth declined, but it's still pretty good. |
This is impressive, but the caveat is that this is the day after a holiday and not many people are in, ... You also have certain key sectors, like chips and the insurers, not participating. I think you need to see a few more days of this to determine whether today is a head fake or not. |
This is impressive, but the caveat is that this is the day after a holiday and not many people are in. You also have certain key sectors, like chips and the insurers, not participating. I think you need to see a few more days of this to determine whether today is a head fake or not. |
Today is a rotational shift into high tech and away from defensive sectors, which includes aerospace and defense, |
Today is a rotational shift into high tech and away from defensive sectors, which includes aerospace and defense. |
Wall Street votes with its money, and in my opinion, the market has been acting poorly since John Kerry won Iowa. If the unemployment picture is indeed improving, then that bodes well for George Bush's reelection campaign, and generally, Wall Street prefers that a Republican is in office. |
War news is having a fingernail-biting impact generally. Right now, there's a sense of people not wanting to do much until the troops get to Baghdad, which could happen in the next day or two. But there's also the hope of some sort of diplomatic resolution before this situation becomes a runaway train. I don't think either side wants to see this prolonged. |
We're seeing some typical selling after a sharp run-up, ... People are buying the safe names, like Philip Morris (MO: Research, Estimates) and Coca-Cola (KO: Research, Estimates), and selling anything that seems suspicious. |
We're seeing some typical selling after a sharp run-up. People are buying the safe names, like Philip Morris (MO: Research, Estimates) and Coca-Cola (KO: Research, Estimates), and selling anything that seems suspicious. |
What's happening today is very telling of where the market is right now. Typically, when there is negative news people tend to make 'flight-to-safety' moves into bonds and gold, but that isn't happening. That tells me that asset classes in the near term are very tired, and that we could see more of a pull back from here over the next few months. |
When the dollar declines, there's less incentive for international investors to hold U.S. companies' assets because they decline in value. It also impacts perception. People want to see a stronger dollar to show America can stand on its own, particularly when there is all this uncertainty about North Korea, Iraq and Bush's new economic team. |
When there's a drop in crude prices, you tend to see it put into stocks with high multiples. |
With a slowing economy, banks loan less, ... It's disappointing that the market can't rally on rate cuts. |