Jim Fehrenbach
Jim Fehrenbach
agree bias economy economy-and-economics effect generally negative people positive rate start talking
There's an upward bias in the market, with more people generally kind of positive because the economy is doing well. Most people agree there's going to be at least two more rate changes. If you start talking about more than two, then it's going to be weird. That will have a negative effect on the market.
gold levels maybe money red
You have gold making a high, and gold at these levels is kind of a red flag. Maybe there's some money going out of equities.
absolutely band bit data either expect genesis jobs lasts market move tight waiting
We're in a bit of a tight band right now, but that never lasts forever. We're waiting for the genesis of what will move the market either way. It absolutely can come tomorrow, but if the jobs data is benign, I would expect more of the same tomorrow.