The U.S. equity futures market looks in good order and maybe this could be a session where some much needed progress can be made. The key economic data of the week is posted today.
More Quotes from David Buik:
Inflation and interest rates are all the rage.David Buik
I think people are being more selective about tech stocks. Last week was a cracking week in the banking sector - and Germany's Deutsche Bank had the yellow leader's jersey. And I think it's important that people see the telecom sector, which has dropped like a stone ... people will be looking for something there.
David Buik
This is obviously very good news but this might be treated with a certain amount of caution as Fed bankers did not know that oil would go to 72 a barrel when they made these comments.
David Buik
Though interest rates are expected to continue their rise in an orderly manner, the U.S. economy continues to look robust. So perhaps the piles of cash that are waiting in the wings will be put to good use as we head toward Thanksgiving and the New Year.
David Buik
It may be that the energy stocks follow in the wake of the slightly negative performance of oil stocks in Europe this morning.
David Buik
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