The negative productivity number we saw today about the fourth quarter raises fears that companies are not going to be able to absorb those costs.
More Quotes from Marc Pado:
The bulls had a real opportunity. Earnings continue to roll in, and for the most part they are in-line or better than expected.Marc Pado
Every time investors think the Fed is going to be one-and-done, they rally the market 100 points. Yesterday was no exception. The potential for an additional 25 basis points in June faded from over 50 to about 28. That gave the market the added juice it needed to penetrate serious overhead supply.
Marc Pado
The futures are off to a slightly lower start after the Group of Seven industrial nations made a firmer call for China to accelerate the exchange rate of the yuan. The dollar got hit in response.
Marc Pado
Mergers are looking to help us hold our ground today.
Marc Pado
Consolidation is a healthy development, especially in light of the pop in crude and the worsening inversion of the yield curve.
Marc Pado
From now on, strong economic numbers threaten another rate hike. Weak numbers point to profit disappointments. What the bull market needs is a catalyst, which would likely need to be a break in energy and basic materials prices.
Marc Pado
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Don't wait. The time will never be just right.Napoleon Hill
They say miracles are past.
William Shakespeare
The new always carries with it the sense of violation, of sacrilege. What is dead is sacred; what is new, that is different, is evil, dangerous, or subversive.
Henry Miller