Paul Nolte
Paul Nolte
fed market meeting mixed negative net news next oracle positive price producer sitting watching
You've got some positive news on oil, some negative news on Oracle and some mixed news from the producer price index. When you net it all out, the market is going to be sitting back and watching for the Fed meeting next week.
continue driving economic markets numbers remain
The economic numbers are driving the bus. As long as the numbers remain kind of weak, if it doesn't look like we're getting much of a turnaround, then markets can continue to slide.
difference favor margin means numbers pass pressures price rest struggling
If you look at the difference between PPI and CPI, the numbers have been in favor of PPI. What that means is that corporations are still struggling to pass through price hikes. We should see margin pressures on corporations through the rest of the year.
broader carry earnings few last leader limited markets seeing stocks trading
If you look at how the markets have been trading the last few days, we're seeing a much broader decline. We're not seeing a leader that can carry the day. It's not limited to a few stocks anymore. Disappointment is broadening out during this earnings cycle.
directly economy energy higher impact prices reason report service services
The ISM report did have a big impact on the markets, and part of the reason is that the economy is now more of a service economy. And services are going to be much more directly and more immediately impacted by the higher energy prices we have seen.
game gives late loaded process putting running sentiment side top
Right now sentiment is all loaded on one side of the market. It gives you the idea we're running late in the game -- we may be in the process of putting in a short-term top in the market.