Timothy Ghriskey
Timothy Ghriskey
august bit certainly direction fed influence market meeting summer time vacation
I think the August Fed meeting is a big overhang. And certainly the direction from that meeting will influence where the market goes. We could get into a bit of a summer doldrums here with August looming, from vacation time and all of that,
continues fed goes inflation influence oil
Oil continues to be a big influence on the market, and the Fed is as well. As inflation goes, so goes the Fed.
aggressive alan basis fed greenspan happen knows market needs points prepare raising rates start talk
The talk is that the Fed is going to be getting more aggressive soon, and may start raising rates by 50 basis points at a time. It's not going to happen this time, because (Fed Chairman) Alan Greenspan knows he needs to prepare the market for this in advance.
although fear federal forward inflation might months next numbers people reserve week worrying
The fear that's out there is forward looking, with people worrying about inflation and what the Federal Reserve might do in the months ahead. So the numbers next week won't help, although we do get a lot of earnings, which is good.
economy far fed grind inflation investment raise saying slow worry
They are saying the economy is going to slow and that there's no inflation but that we still need to raise rates. Investment professionals worry that the Fed will go too far and grind the economy into a recession.
belief benign closer data fed helped inflation market
The benign inflation data and the belief that the Fed may be closer to the end than had previously been thought has helped the market this week.
barrel crude drag falls light oil parts price rally sets sweet various
Light sweet crude is over $45 a barrel now, and that's a big drag on various parts of the economy. I think at some point, the price of oil falls and that sets off a rally in the market.
feed market rally reluctant shows
It was a very reluctant rally but it shows how much the market can feed on itself.
depends earnings far internal investment performance toughest
The brokerage earnings are by far the toughest to predict, because so much depends on how their internal investment performance was.
allied brings concern force gives leadership major management marriage strong synergy
I think it's a marriage made in heaven, ... First of all, it gives Allied leadership for the future. Honeywell brings with it some strong management and that was a concern to AlliedSignal shareholders. There are cost-cutting and synergy opportunities. This is going to be a major force going forward.
buyers left maybe money starting
Maybe there aren't a lot of sellers left and buyers are starting to put money into the market,
beyond lift relief seen slight
I think we've seen a slight relief rally, but I don't see what there is out there that's going to lift us beyond that.
false flag green true wave
Is this a true rally, or a false start? ... Nobody's going to wave a green flag when there's a bottom.
economic either rally reports rest strengthen today undermine volume week
I like the rally today and the volume is good, but we still have a lot of economic reports to get through the rest of the week that could either undermine it or strengthen it.