Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
certainly continuing energy fed guy hard high markets money prices putting raise rates shy
With the fed continuing to raise rates and energy prices at very high levels, its hard to see the markets making much headway, ... certainly been guy shy about putting new money to work.
high line numbers raise texas
Texas Instruments' numbers were broadly in line with estimates, but there may have been some disappointment that they didn't raise the high end of the range.
change expects fed future gives hints outlook quarter raise wants
Everyone expects the Fed to raise (a quarter point) and everyone wants to see if there is a change in the outlook that gives hints about future meetings.
arm beat bell certainly estimates guidance major positive raised reported shot stocks tech three yesterday
All three major tech stocks that reported after the bell yesterday beat estimates and raised guidance, and were certainly a positive shot in the arm for tech investors.
among coal dose heavy including industry oil percent report results sensitive several steel
Just under 30 percent of the S&P 500 report results this week. Among the different industry groups, we'll get a heavy dose of economically sensitive names, including several from the oil and gas, rail, coal and steel industries.
earnings fear few focus higher interest last looks next outweigh rates weeks
I think the last few weeks have probably been frustrating for investors. Earnings have been very positive, but the focus has been on interest rates. Over the next few sessions, it looks like the fear of higher interest rates will probably outweigh the earnings.
below likely number
I think the number is likely to be below the median estimate.
carries fed goes hiking hold next performed period rate stocks
Historically, the three-month period before the Fed goes on hold in the rate hiking cycle, stocks have performed well and that carries on for the next 12 months,
change data days early few growth investors optimistic past period pickup rally shows toward viewpoint willing
The rally the past few days shows investors are willing to look past this period of uncertainty toward a pickup in growth in early 2006. It's a pretty optimistic viewpoint and that could change when the data comes in.
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Given that tech companies are already trading at pretty high valuations, these companies' earnings are going to have to really deliver for the stock prices to show a substantial reaction.
addition certainly last looked night report results technology
Pepsi's report looked pretty positive, in addition to Cisco, which is a bellwether in technology industry. Cisco's results last night were certainly a positive.
continue correction data few march move next period starts stocks
My sense is we continue to see this correction over the next few weeks, but I think once we get through this period and some of the March data starts to come out, stocks will move higher.
adds brought declining fact forefront global greenspan issue pressure trade
I think the fact that Greenspan brought the issue of a declining dollar, global trade imbalances and protectionism to the forefront adds to the pressure today.
fact few issues likely markets next remain trading
I think that next week, and in fact for the next few weeks, the markets are likely to remain in a trading range, with many of the same issues still in place.