Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
among coal dose heavy including industry oil percent report results sensitive several steel
Just under 30 percent of the S&P 500 report results this week. Among the different industry groups, we'll get a heavy dose of economically sensitive names, including several from the oil and gas, rail, coal and steel industries.
build buyers coming further higher market next push several start
If we can build on Tuesday's significant . . . turnaround, you could see buyers start coming back into the market and you could see a further push higher over the next several days.
build buyers coming further higher market next push several start
If we can build on Tuesday's significant intraday turnaround, you could see buyers start coming back into the market and you could see a further push higher over the next several days.
high line numbers raise texas
Texas Instruments' numbers were broadly in line with estimates, but there may have been some disappointment that they didn't raise the high end of the range.
bond decided environment higher interest investors moving profits rate recent reflected yields
Once bond yields started moving higher again, investors reflected on the interest rate environment and decided to take profits off the recent highs.
news tech
The news from Cisco was disappointing for tech investors,
closed earnings hesitation lower lows moved oil prices stock tech
Stock prices moved lower for most of the day, but closed off their lows after oil prices retreated. All in all, there was a lot of hesitation before the earnings by the two tech bellwethers.
looking market profit run seeing technical
Temporarily, the market may have run out of gas. On a technical basis, we're looking overextended, so you're seeing a little profit taking,
corporate despite earnings february investors month near positive prepared sideways stock trading
February has historically been a lackluster month for the stock market. Despite many positive corporate earnings reports, investors should be prepared for some choppy or sideways trading over the near term.
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.
fact few issues likely markets next remain trading
I think that next week, and in fact for the next few weeks, the markets are likely to remain in a trading range, with many of the same issues still in place.
bond build energy far held hostage markets metals seeing stocks strength unable
The markets so far have been unable to build on yesterday's gains, and right now are being held hostage by the bond market. But we are seeing some strength in semiconductors, energy stocks and some of the metals companies.
break bulls data doubt few gains investors last left likely looking markets minds next range seen trading
Markets are in a trading range right now, consolidating gains after the last few months. A lot of investors were looking to this week's data as a way to break out of the range, but what we've seen has left enough doubt in the minds of the bulls that we aren't likely to break out of this range in the next few sessions.
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.