John Augustine
John Augustine
labor market memorial sell stock until
This may be one of those years in the stock market where you'll want to sell on Memorial Day and go away until Labor Day.
banking cyclical funding industry interest level literally markets news positively pressure raising reacting seems starting taking
The markets are reacting very positively to the news out of Japan. They're literally starting at the funding level to the banking industry before they start raising interest rates. This seems to be taking some pressure off the cyclical sectors around the world.
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There are fears that any supply disruptions could disturb oil markets and such concerns are holding back both economic growth and stock prices. In the absence of any such disruptions, we expect that crude will stay in the $50-$70 range this year and will likely always be on investors' minds.