Doug Porter
Doug Porter
Douglas "Doug" Porteris a former American football coach. He served as the head coach at Mississippi Valley State University, Howard University, and Fort Valley State University, compiling a career college football record of 115–111–5. He was also an assistant coach at Grambling State University under Eddie Robinson. Porter was inducted into the College Football Hall of Fame in 2008...
across changed deal europe fed globe heat hikes including interest japan kinds rates recent starting weeks
What has changed in recent weeks is long-term interest rates across the globe are starting to feel the heat from Fed tightening and now from rate hikes from all kinds of quarters, including Japan and Europe which they really hadn't had to deal with before.
global market signs waiting
I think what the market is waiting for is some signs of stabilization in the global economy, and especially the U.S. economy.
corporate growth high last possible profit quite robust side simply
I think it's quite possible revenues will come in on the high side of expectations simply because we've had very robust corporate profit growth over the last year.
bad good news pieces
I think there are more pieces of good news here than bad news.
bit complete decline last modest
I think Monday's decline is pretty modest after last week's sprint, so a bit of a pullback is not a complete surprise.
clearly economy inflation outlook shows slowing strong
It clearly shows that the U.S. economy is very strong and isn't slowing down. That doesn't bode well for the possibility of inflation and it doesn't bode well for the outlook for the U.S. dollar.
again line share tail tech turned
Some of the high-flying tech stocks, and again those are the ones without earnings, turned tail around mid-afternoon in line with the share pull-back in the Nasdaq.
broader due fact fairly large market suffered weakness york
Some of the weakness in the broader market was probably due to the fact that New York suffered a fairly large sell-off.
above ahead bit concerns expecting fed interest lingering next oil prices profit pushing rate suspect
I suspect it was just a bout of profit taking, a bit of nervousness ahead of next week's Fed meeting. Not that anyone's expecting anything out of the Fed's next week, but I think there still are some lingering concerns about the longer-term interest rate outlook. Especially with oil prices pushing above $32 a barrel,
bank cautious future highlight indeed likely press raise rate release risks sound
If the bank does indeed raise rates, they are likely to sound very cautious about future rate moves, with the press release likely to highlight the many risks to the economy.
bank canadian continue despite interest latest raise strength view
The overwhelming view is that the bank will continue to raise interest rates, despite the latest strength in the Canadian dollar.
consumers dire ignored kept
Obviously, consumers just ignored all the dire warnings and kept on spending.
account balance canadian case chalk continues country current direct dollar foreign net remains simply solid tough wildly
Simply put, Canada's balance of payments remains exceptionally strong. It is very tough to make the case that the Canadian dollar is wildly overvalued when the country continues to chalk up solid current account surpluses and net inflows in foreign direct investment.
energy loser seeing spike
We're a clear-cut loser from the spike we're seeing in energy prices.