The market, especially the bond market, will view the report as negative since it will likely mean that we are facing at least two more increases in interest rates by the Federal Reserve at both the March 28 and May 10 meetings. |
There was some profit-taking today as there was a lack of catalysts to get buyers to step in. Buyers are waiting for the market to be a little more attractive. There's not much in way of economic reports for the rest of the week. Geopolitical concerns, the price of oil and earnings reports will be driving us. |
This is a volatile report, yet it garners attention because it provides insight as to how the consumer feels, which is all-important right now. A low reading due to higher oil prices may negatively impact retailers. |
This will be an excellent contribution to Milwaukee. It will make the community aware of the preciousness of water. |
Today was a bit disappointing. The bond market has a flat yield curve and people are still concerned about inflation. We're still left looking for any indication that the Federal Reserve won't raise rates as much as people are fearing. |
We were still digesting the news from Friday as well as coming to grips with higher yields and oil prices today. We had very muted action today. The lack of volume was evident ahead of the start of the earnings season. |
We'd like to see this number strengthen, however, estimates have been revised lower, which is possibly a result of the same affliction that caused the drop in durable goods two weeks ago, namely a slowdown in aircraft orders. |