Pepsi's report looked pretty positive, in addition to Cisco, which is a bellwether in technology industry. Cisco's results last night were certainly a positive.
More Quotes from Michael Sheldon:
Markets are in a trading range right now, consolidating gains after the last few months. A lot of investors were looking to this week's data as a way to break out of the range, but what we've seen has left enough doubt in the minds of the bulls that we arMichael Sheldon
The key for next week is that the economic data show strong growth and only moderate inflation.
Michael Sheldon
You can't blame it all on energy because the trade deficit excluding petroleum rose faster than the overall deficit. The main culprit once again continues to be that imports are growing faster than exports.
Michael Sheldon
The market is very oversold right now and I expect it to move higher over the next week or two. But beyond that, it's going to be very difficult for it to make much headway until we get a clearer sense of how much the Fed is going to move.
Michael Sheldon
If Greenspan is more hawkish, implying that rates will rise faster than thought, that may bother investors, ... If Greenspan continues to stress that rates can rise at a 'measured' pace, that may impress the market.
Michael Sheldon
Despite terrorist events around the world, rising oil prices and a lukewarm job market, consumer spending has remained fairly strong, much better than many would have thought. But if the economic data starts to slow and oil rises above 60 a barrel, that could eat into consumer spending.
Michael Sheldon
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Based on Topics: Business & Commerce Quotes, Computers & Technology Quotes, Night QuotesBased on Keywords: ciscos, pepsis
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