Tim Heekin
Tim Heekin
causing company economic news purely technical
This is purely a technical rally. There is no economic news, no company or sector-specific news that's causing this,
guided opportunity rocking tech
They had an opportunity to get tech really rocking if they said something positive, but instead, they guided lower.
hints market numbers people watching week
All of the numbers this week are potentially market moving. I think people will be watching the numbers for hints about inflation.
highs hit less market trying
The market has been trying to hit these highs for some time, but we've been nearing them with less and less enthusiasm,
attendance gotten market path poor quiet resistance tired
I think the market has gotten tired ... and poor attendance is also contributing to a very quiet market today. I think this is short-term, but I think the path of least resistance is down.
dial morning move quiet reduced volumes
It's been pretty quiet all week, volumes have come down...You have pretty significantly reduced volume here in August, ... This morning there was nothing to really move the dial on PPI or jobless claims.
half people rally second setting themselves
After that period, you could see a rally in July, with people really setting themselves up then for the second half of the year.
economic impact news obviously oil prices tomorrow wild
You've got oil prices and the economic news having an impact today. Obviously tomorrow it's all about unemployment. That's the wild card.
less people wednesday
It's the Wednesday before Thanksgiving, there's no one here, desks are half-staffed. There are going to be even less people around Friday.
brakes fed fueled lead meeting people realizing shifted
The lead up to the Fed meeting was that we are going to be done soon, they are going to put the brakes on, and that fueled the momentum. But now people are realizing that they aren't done yet, and that's shifted the psychology.
economic friday hugely news next rest week
There's no economic news out Friday or Monday, and the economic news the rest of next week is not hugely influential,
creates news people taking week
A lot of people are taking the week off and there's not much news, so that creates this volatility.
favor growth
A lot of growth equities are in favor right now.
drifting
It's just drifting up today, there's no one catalyst,