Jack Ablin
Jack Ablin
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Accounting concerns continue to dominate the market. We're going to be seeing this 'Prove it to me' investing for a while.
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Between leading indicators and subdued inflation expectations, it's really set a nice backdrop for the market today,
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The world assumes the Fed will raise the rates by a quarter percentage point, that's a non-event. It's what the statement lays out about the pace of future rate hikes that will be important, because that's what people are thinking about. I think the inflation reports will also be pivotal next week.
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Investors have their rally caps on for year end, and we're doing it with speculation. With a good inflation report and strong growth, it seems to be the perfect elixir for Wall Street.
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If there is anything more than 250,000 jobs then everything reverses and all bets about a pause at 3.25 percent are off,
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The GDP upgrade could put more pressure on the Fed. At the same time, we're losing ground with the consumer... From the perspective of today's market, it's a one-two punch.
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Over the last four years the Fed has played the part of a surrealistic painter, creating a dreamy backdrop with generously low interest rates.
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Gold is creating a psychological dark cloud over the market. With gold on the upside and inflation fears, the numbers we get tomorrow will clarify some of these concerns.
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Any number Wal-Mart gives is tantamount to an economic indicator,
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We have some very ugly numbers. You can argue that the ISM is still backward looking, and maybe even the jobless claims, but eventually we're going to need some evidence that the economy is improving. We had a lot of enthusiasm coming from earnings, but the news today is a little bit of a slap in the face that we're not out of the woods yet.
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The projected job growth number would mark a pretty strong snapback from the previous month.
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Traders found some weakness in the factory orders in the ISM report after digging around.
options
You have to look at all the options you have available, from A to Z.
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We're still getting more negatives on the economic front today, and this is a period where we're really looking for economic growth to avoid a Fed rate cut.