Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
airlines almost days few five groups last rally retailers seeing stealth
We're really seeing almost a stealth rally today. Some of the most beaten-down groups of the last few days -- like airlines and retailers -- are seeing gains. But it's not just them. Five out of 10 S&P 500 groups are up at least 1 percent.
apple bit buyers created drag dramatic seeing seen step tech
We're not seeing a lot of follow-through in the Nasdaq. You're not seeing a dramatic weakening in the index, but Apple created a bit of a drag for tech stocks, and we haven't seen buyers really step up to the plate.
buyers conviction either far seeing
We're not seeing a lot of conviction, either by buyers or sellers, so far this week.
continue correction data decline earnings economic fourth likely narrow outlook people quarter run slightly third year
We're likely to see a correction this year after the run we've had, as well. But the outlook for third and fourth quarter earnings has been good, and if the economic data continue to improve, we could see a slightly more narrow decline that what people have been expecting.
below continue focused generally investors mostly number seeing trends
We're seeing a continuation of the trends that were generally in place through much of the first quarter. We continue to see a number of uncertainties below the surface, but investors have mostly focused on the positives.
commodity economy fact further inflation labor pause positive pressure remains signs suggest
If we see signs that the economy is in fact slowing, and inflation remains contained, then the pause is a positive for stocks. But if we see tightness in the labor market, pressure in commodity markets, that could suggest we will see further hikes.
carries fed goes hiking hold next performed period rate stocks
Historically, the three-month period before the Fed goes on hold in the rate hiking cycle, stocks have performed well and that carries on for the next 12 months,
change data days early few growth investors optimistic past period pickup rally shows toward viewpoint willing
The rally the past few days shows investors are willing to look past this period of uncertainty toward a pickup in growth in early 2006. It's a pretty optimistic viewpoint and that could change when the data comes in.
dominate lead oil prices trading weakness
As the day progresses, oil prices have started to dominate trading and lead to weakness in the market.
corporate economy likely positive profits though
At the moment, I'm cautiously positive about the market, recognizing though that as we go through the year, the economy and corporate profits are likely to slow.
bounce broad early head heads lower markets oil optimist pessimist stage toward
The optimist would say we're in the early stage of a broad rally, the pessimist would say this is a dead-cat bounce and markets are going to head lower as oil heads toward $50 a barrel.
consumer despite economy extremely few investors looking market months next performed resilience seem sentiment softer start stronger towards weak
When all was said and done, the market showed its resilience once again, ... The market performed well despite today's extremely weak consumer sentiment number. Investors seem to be looking over a softer economy for the next few months towards a stronger economy to start 2006.
catalyst continue decline difficult hopefully market mid move needs oil order positive prices sentiment turn wall
Right now, I think the market needs a catalyst in order to get out of this difficult environment. Hopefully if oil prices continue to decline and move back into the mid $50s, that could turn sentiment more positive on Wall Street.
addition certainly last looked night report results technology
Pepsi's report looked pretty positive, in addition to Cisco, which is a bellwether in technology industry. Cisco's results last night were certainly a positive.