Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
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.
improved last market tone week
The market tone has improved over the last week or so,
acting basically bit five today weeks
The market's acting a bit better today after basically five weeks of selling, particularly in tech.
corporate economic markets news week
It's going to be an interesting week for the markets with a slew of economic and corporate news on tap.
clearly close fed improved likely market mood optimism rate recent reflects weeks
The mood of the market has clearly improved in recent weeks and this most likely reflects optimism that the Fed is close to the end of its recent rate tightening cycle.
bigger biggest democratic despite energy market national rally seeing week
Despite the Democratic National Convention, the biggest story of the week has been energy prices. That's prevented the market from seeing a bigger rally off these oversold conditions.
beyond clearer difficult expect fed headway higher market move next until week
The market is very oversold right now and I expect it to move higher over the next week or two. But beyond that, it's going to be very difficult for it to make much headway until we get a clearer sense of how much the Fed is going to move.
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.