Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
ahead followed half looking moderately optimistic performance second stronger weakness year
Looking ahead to 2005, we are moderately optimistic and are looking for a stronger performance in the first half of the year followed by some weakness in the second half of the year.
carry current earnings energy environment extremely help higher interest major market markets ourselves prices rates several spike strong
This market is just extremely resilient, and if we don't get a major spike up in energy prices or interest rates from current levels, the strong earnings environment we find ourselves in could help carry the markets higher for several more weeks.
gains japan market move saw strong tone toward
The tone in the market is a little better. We saw strong gains in Japan as they move toward an end to quantitative easing.
advance broader entered following looks period profit short start strong taking terms
In terms of the broader market, it looks like we may have entered a short period of consolidation or profit taking following the strong advance at the start of this year.
bond data decline earnings economic growth higher looking lower move oil second solid stronger
Looking into the second quarter, what could move us higher is a decline in oil prices, lower bond yields, solid economic data that is non inflationary and stronger growth on the earnings front.
data economic growth key moderate next strong week
The key for next week is that the economic data show strong growth and only moderate inflation.
earnings increased investor major oil rise season seeing worry
There's a major rise in oil prices, increased investor worry about the upcoming earnings season and you're also seeing some profit-taking after the market's six-week run-up.
footing market poor start trying
The market is trying to find its footing here, amid what has been a poor start to the year.
below likely number
I think the number is likely to be below the median estimate.
adds brought declining fact forefront global greenspan issue pressure trade
I think the fact that Greenspan brought the issue of a declining dollar, global trade imbalances and protectionism to the forefront adds to the pressure today.
anxiety august caused early fall investors late produced
The fall has traditionally caused anxiety for investors and produced some big declines, particularly in late August and early September.
broader hurt news numbers payroll
Intel's news is going to hurt techs tomorrow, ... I think if the payroll numbers are disappointing, too, you're going to see a broader sell-off.
earnings fear few focus higher interest last looks next outweigh rates weeks
I think the last few weeks have probably been frustrating for investors. Earnings have been very positive, but the focus has been on interest rates. Over the next few sessions, it looks like the fear of higher interest rates will probably outweigh the earnings.
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.