The main focus today is the Fed. After the decision, investors will once again focus on the fundamentals of the U.S. economy and on company earnings.
More Quotes from Subodh Kumar:
Clearly the market's focus is on the technology side of things ... the Nasdaq is down somewhat and, really, the major U.S. indices have been treading water,Subodh Kumar
For the market to head higher, investors need to have confidence that oil prices will stabilize and move below 40 a barrel. If oil stays at current levels, the market will be tentative at best.
Subodh Kumar
With close to 20 per cent of the SP 500 companies having reported, year-over-year operating earnings growth for the third quarter at 14.9 per cent appears in line (versus above consensus for recent quarters) but still good,
Subodh Kumar
The mood in the stock markets is constructive and today's report, showing that inflation remains benign, is helping to take away some fears of further aggressive rate rises.
Subodh Kumar
The euro has been going down for two years, so I have to wonder if these guys are keeping their eye on the ball,
Subodh Kumar
We expect better performance in the second half to follow a lackluster first half, with more uplifting assessment in the markets of issues like inflation, Fed policy, politics and earnings.
Subodh Kumar
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None of the abstract concepts comes closer to fulfilled utopia than that of eternal peace.
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