Rupert Thompson
Rupert Thompson
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.
dictate lasts longer numbers whether
Tomorrow's payrolls numbers will dictate whether this setback lasts longer than today.
cuts death thousand
It's death by a thousand cuts at the moment.
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.
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.
break classic due lull shares summer upside
We may be a in a classic summer lull but shares will break out on the upside in due course.
confidence focus numbers released results sector service today
The focus today will be the service sector confidence numbers and Cisco's results released after hours.
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.