Rupert Thompson
Rupert Thompson
drifting focus hold market resolution start successful underlying war weak
The market will hold on to most of its gains, but it should start drifting down once the focus shifts away from a successful resolution to the war and on to the weak underlying economy.
ease expected fears fed might open policy raise rates soon time
He (Greenspan) is expected to try to dampen fears that the Fed might raise rates any time soon and also try to keep open the possibility that the Fed might yet ease policy further.
conviction decent gain recovery
The U.S. manufacturing ISM index should show a decent gain today, reinforcing the market's conviction that the U.S. recovery is for real.
cuts death thousand
It's death by a thousand cuts at the moment.
beginning believe coming economic economy light near pick relatively shift speed summer week
We still believe the U.S. economy is beginning to pick up speed but, near term, there is little to shift equities out of their summer torpor with the coming week relatively light on economic data.