Michael James
Michael James
difficult gold interest near oil percent rates trading
As long as oil is trading near $70 a barrel, interest rates on the 10-year (note) are around 5 percent and gold hovers at $600 an ounce, it will be difficult for equities to make headway.
investors market sold
In general, institutional investors aren't sold on the (stock) market going higher, even with the pullback in oil.
biggest confidence consumer continue fed interest numbers potential raising reason stronger
The stronger consumer confidence numbers are probably the biggest potential reason for the Fed to continue raising interest rates.
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Jack couldn't find a wall he didn't want to run into. He'd write insulting cover letters to editors. When I'd say, 'Jack, you're shooting yourself in the foot,' he'd launch into a tirade about the worthlessness of a life lived untruly to oneself.
attractive bonds boost clearly given gone interest investment market move option rates stocks strong yields
As interest rates have gone higher, bonds have become a more attractive investment option than stocks. Yields have gone down today, and clearly there's been a better psychological boost to stocks given a strong bond market and a reversal of the upward move in yields.
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The Nasdaq is up on the day, primarily due to Apple. This market is climbing a wall of worries. People are too committed to equities in the longer term.