Just under 30 percent of the SP 500 report results this week. Among the different industry groups, we'll get a heavy dose of economically sensitive names, including several from the oil and gas, rail, coal and steel industries.
More Quotes from Michael Sheldon:
If you take all those comments together, it implies the Fed is less worried about deflation and more about inflation, all of which sets the stage for higher rates.Michael Sheldon
Looking ahead to 2005, we are moderately optimistic and are looking for a stronger performance in the first half of the year followed by some weakness in the second half of the year.
Michael Sheldon
Today, the markets once again pushed to new highs for the indices but the rally appears to have stalled. The likely culprit is that higher bond yields may finally be weighing on the minds of investors.
Michael Sheldon
Everyone expects the Fed to raise (a quarter point) and everyone wants to see if there is a change in the outlook that gives hints about future meetings.
Michael Sheldon
Five percent is a real psychological number, there's no question about it. I think the odds are increasing that the stock market is due for a bit of a pullback. A close in the 10-year bond yield above 5 could be the catalyst for a bit of a short-term correction in equity prices.
Michael Sheldon
Looking into the second quarter, what could move us higher is a decline in oil prices, lower bond yields, solid economic data that is non inflationary and stronger growth on the earnings front.
Michael Sheldon
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