Timothy Ghriskey Number Quotations

CPI is certainly the big economic report of next week. The Fed's beige book and some of the manufacturing numbers will be looked at as well.

The most important read this week is the first look at GDP growth in the second quarter, ... A number of companies, including GE recently, have talked about April and May being tough, but conditions picking up in June, particularly the second half, and the GDP number will likely reflect that.

There have been few negative pre-announcements and a number of positive ones. Third-quarter earnings should be strong and that should continue to support the stock market. But there will always be pullbacks and volatility. There's always the potential for people to sell the news and you may see that in the short term.

There have been few negative pre-announcements and a number of positive ones, ... Third-quarter earnings should be strong and that should continue to support the stock market. But there will always be pullbacks and volatility. There's always the potential for people to sell the news and you may see that in the short term.

We saw some good numbers come out of GE and UTX, which bodes well for the economy, but I think we're still in this correction.

The market can find something good and something bad in every economic number. If the number is strong, that's a positive, but if its really strong, people may worry about interest rates.

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.

The CPI number this morning sparked a rally in both stock and bond markets. But beyond the initial reaction, I think we're going to remain stuck in this range until other issues get resolved.

The CPI number this morning sparked a rally in both stock and bond markets, ... But beyond the initial reaction, I think we're going to remain stuck in this range until other issues get resolved.