The market is really looking forward to rate hikes being done. We typically get a 3 percent bounce in the six weeks ahead of the last hike.
More Quotes from Jeff Kleintop:
While today's news is very positive, I think the market is likely to remain caught between very good economic data and the worry that things aren't going to get any better from here. I would expect us to continue being pulled back and forth in this trading range we've been in for most of 2004.Jeff Kleintop
Overall, following the statement, the market is fairly clear that the Fed will keep raising rates by a quarter percentage point at each meeting through the end of the year, ... What the market is less sure of is what impact this will have on the economy.
Jeff Kleintop
You still have a lot of uncertainty, and the jobs report tomorrow, which will set the stage for what the Fed could do. You're just not going to see a lot of buyers in the market ahead of that.
Jeff Kleintop
Today (Wednesday), a lot of people are on the sidelines, but I think generally investors are beginning to return to the market after they were vacant in the first three weeks of the year, ... Mutual Fund inflows have shown that.
Jeff Kleintop
All of these things point to an improving environment for stocks, but the outlook for the year remains flat, ... I would think the SP 500 will trade in a range of about 1,075 to 1,125 until the fourth quarter.
Jeff Kleintop
What he's coming through very clearly and saying is we will probably pause soon but don't assume we're done because we pause. ... But I think the market is just reacting to 'Hey, hey, Ben said we might be done soon'. Whenever you take a little uncertainty out of the picture, well, the market is going to like that.
Jeff Kleintop
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Warren Farrell
Don't try to be somebody you're not because it doesn't work. If you try to be this perfect person or perfect persona of what you think that somebody should be when they're involved in public office, it's just not going to work. Just be yourself, stay true to your core values, and really just stay abreast of the issues.
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If you are ignorant, you certainly can get into some interesting arguments.
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