Also some of today's selling pressure is a result of a very quiet market, with many professional investors taking the final trading of 2005 as a holiday, combined with some last minute cleaning up of portfolios by those investment managers who have made it in today. |
Both the bond and stock markets will watch this report carefully, looking for any additional signs of rising prices in the production process. The trend for the overall report has been on the rise, while the core appears as though it may have reached a top. |
If Cisco can start to bring their business around and have a good report after not doing very much of anything for the last year and a half or so, I think that just brings a better feeling to a bit of an oversold market. The Pepsi report helped a little bit and McDonald's sales performance. |
If we get a GDP or deflator number that's much stronger than the consensus estimate, then it could hurt the market because people will be talking about a tougher Fed. |
In the initial planning, I was the main representative in the forming of learning centers and principles that could be incorporated into the Pier Wisconsin center. |
It's headed in the right direction. But we need get past all this Treasury refunding. |
It's headed in the right direction. But we need to get past all this Treasury refunding. |
People are looking for a Santa Claus rally, but I don't expect it's coming. The only real positive I saw today was some of the economic data. It's been a hard day to get excited about. We've seen some individual names get action, but nothing is carrying over. |
People are pretty positive ahead of the first-quarter earnings season. There haven't been very many negative pre-announcements. |
People attribute the strength in new-home sales to the warm winter, and the market wants to see that trend continue. If [new-homes sales] drop too much then the talk of the housing bubble popping will get louder and will scare the market. |
The durable goods number will matter more to industrial stocks like Boeing and Caterpillar. People want to see if the growth in this sector is continuing, but they don't want it growing so fast that it will scare the Fed. |
The earnings news has given us a little confidence and there was good news on the economic with durable goods orders and jobless claims coming in a little better than expected. |
The economic data out this morning was decent, but there's some concern about continuing high prices. Oil may be pulling back, but oil stocks are still pulling the market down. It hasn't gotten overdone, but we've still got profit-taking today. We don't have any catalysts yet so we'll ride this out. |
The market being at these higher levels draws interest in and of itself. |
The market is still feeling good after the Federal Reserve minutes yesterday. Between now and the end of the week, we have a lot of economic data coming out. |