It's more news of good economic growth and low inflation. That takes pressure off of stocks.
More Quotes from Jim Awad:
There's a high degree of confidence the Fed is going to conduct itself in a non-surprising fashion tomorrow. The greater uncertainty with the Fed will occur next year, so I think (investors) are going to take tomorrow in stride unless the Fed surprises us.Jim Awad
Companies are finally putting their money into play and that is a vote of confidence in the strength of the economy and a positive for stocks.
Jim Awad
There are questions as to whether the growth rate is sustainable.
Jim Awad
Both consumer confidence and housing starts were stronger than expected. Treasuries are getting killed, so people are worried interest rates will go even higher than expected.
Jim Awad
We've just come off a very big quarter and so we have to digest some of those gains.
Jim Awad
In terms of the Fed, the most favorable move from the market's point of view is if they raise interest rates by 25 basis points and keep the same language. If they raise 25 basis points and sound worried about inflation the market may get demoralized.
Jim Awad
Readers Who Like This Quotation Also Like:
All the old great companies were run by guys who knew what an animator meant, and guys who knew how to draw. All the companies today are run by executives.Ralph Bakshi
The purpose - where I start - is the idea of use. It is not recycling, it's reuse.
Issey Miyake
I'm definitely more attracted to chaos than to order.
Connie Nielsen