Marc Pado
Marc Pado
against brushing buying economic emotional ignoring market markets oil recent run sanctions temporary whatever
The market had been ignoring the recent run in crude, brushing it off as temporary emotional buying as a hedge against economic sanctions against Iran. Whatever the reason, oil is back up against all-time highs, and that was making the markets nervous.
good news remove time
Any time you remove uncertainty, it's good news for the market,
average driving earnings headline hours hurdle jobs main number wages
The headline number probably isn't as important as the wages and average hours worked. Earnings are still the main driving force, and the jobs number is just a hurdle in our path.
above average basis bigger broader cautious comments faces factors impact moving today
It will impact the Dow but on broader basis it won't do much to the market. I think there are much bigger factors today such as the semiconductor index above its 200-day moving average and it faces some cautious comments out of Merrill,