The key for next week is that the economic data show strong growth and only moderate inflation.
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
The news from Cisco was disappointing for tech investors,
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
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
When the central bank came out and said they're going to drain liquidity over a period of months, that was a catalyst for investors who have avoided the stock market to put some money back in.
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
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