Paul Nolte
Paul Nolte
aging coming concern expense fact integral keeping looking patents population possibly
There is some concern over drugs coming off of patents and the expense of those drugs, and in some cases, such as with Pfizer and Merck, the efficacy issues, ... But we still can't get away from the fact that we're looking at an aging population and drugs are an integral part of keeping us going as long as we possibly can.
crazy expensive
We went from being expensive 10 years ago to crazy expensive, and now we're back to just expensive.
companies earnings enthusiasm expect few good pounding saying table terrific wild
Few companies are pounding the table and saying things are terrific so there's not the wild enthusiasm you would expect with a good earnings season,
added couple currently curve economic fed funds good growth hike kicking man markets past pricing rate signal talk yield
Already the futures markets are pricing in another rate hike and talk about a 5.0-plus fed funds rate is making the rounds. The currently inverted yield curve may also be a signal to the Fed that the economic growth of the past couple of years may be waning and any added tightening may be like kicking a good man while he is down.
based dark investor
So what is an investor to do? Based on Friday's response, it may yet be a long dark winter.
certainly helping intel
The upgrades are certainly helping Intel and Exxon, and that's boosting the Dow.
carry companies couple earnings gas large news ran
We ran out of gas after yesterday's large advance. We only had earnings news from a couple companies today, and that couldn't carry us.
economy focusing last people strong underlying view
I know people are focusing in on the dollar, but if we take a look at last week's strong action, our view at least, is that the underlying economy does not warrant it.
beyond determine market power staying toward whether
But whether the market is going to have the staying power beyond today, I think we will be able to determine that toward the close,
adding chasing coming commodity economic fall focused inflation investors market numbers reacting rest trading until weaker
Investors are chasing commodity prices. Until we fall even lower, though, we're still in a trading range. We'll be very focused on inflation for the rest of the week. Economic numbers are coming a little weaker lately, adding to why the market is reacting poorly.
continue fed good growth hike job numbers pressure rate slow trends wage
The numbers are good from the Fed's perspective, even with November's ramped up numbers. Job growth is still slow and wage pressure has been nonexistent all year. If trends continue it could put pressure on the consumer. We may see the Fed have one more rate hike and then (be) done.
gains investors looking start stocks taking tech tend time tough weight
Stocks have had a real tough time maintaining gains this whole week. When we start taking a look around, gains tend to evaporate. Today, investors are looking at tech leaders. Those stocks are where the weight is being carried.
absolute coming foreign markets might start
The foreign markets are on an absolute tear, so there's some thought that the liquidity might start coming back into the U.S. markets.
ask decisions impression moving optimism whether
The important decisions haven't been made yet. You get the impression that there's not much really moving and ask yourself whether the optimism is really justified.