Paul Nolte
Paul Nolte
difference diplomatic east japanese less markets middle oil prices stellar week
What a difference a week makes, from improprieties in the Japanese markets to still-higher oil prices amid diplomatic rumblings in the Middle East to less than stellar earnings.
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.
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.
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.
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.
couple interested investors last selling strong telling trend volume weak
We have strong volume on down days, and weak volume on up days. That's the trend for the last couple weeks. That's telling that investors are more interested in selling than they are buying.
overall paid prices
Overall it doesn't look too bad. The prices paid is a concern. We'd like to see it come down a little. It's an inflationary key.
analysis bond came debating energy federal heading hikes looking moderation next prices residual seeing
We're getting a moderation in bond yields, and energy prices came down today. We're looking at things more favorably than this morning. There's still residual analysis about the Federal Reserve, and we're seeing some gamesmanship heading into next week's meeting, debating how more hikes we have.
environment fact happens matter
We still like the fact that we're in an environment where no matter what happens in the economy, they (pharmaceutical companies) are still going to be doing business.
economy figuring growth investors reasonable seeing strength translate
We're still seeing reasonable growth in the economy ... and investors are figuring this is going to translate into strength in earnings.
bond certainly competition good providing risks
We're still absorbing a lot of things. The risks right now are certainly still with the bond market. It's providing some good competition for stocks.
additional broken commit dollars trading
We may have broken out of our trading range, but we would like to see some follow-through before we commit additional dollars to the market.
attention economic paying phenomenon worth
But that's more of a short-term phenomenon than anything worth paying a lot of attention to, ... it's going to come down to better economic numbers.
erosion expect gradual movement sharp stocks
I don't expect to see a sharp movement in stocks -- it will be a gradual erosion over time.