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.
More Quotes from Michael Sheldon:
Looking ahead to next week, the more important question for investors will be 'Will the market experience a holiday hangover as investors take profits'.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
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 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
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 mood of the market has clearly improved in recent weeks and this most likely reflects optimism that the Fed is close to the end of its recent rate tightening cycle.
Michael Sheldon
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Energy QuotesBased on Keywords: culprit
If there is a good musical reason, I think it might draw more attention and sell, though it is not guaranteed. To make a record without a musical reason, you have to either be a pop star who sells automatically or just be lucky.
Eberhard Weber
The more hidden the venom, the more dangerous it is.
Marguerite de Valois
A lot of people thought I'd died, because of your coverage, they know I'm still around.
Brenda Lee