People are starting to move from factoring in a 25 basis point rise to expecting a 50 basis point rise, ... If Friday's number is particularly strong, people may take that as a sign that rates will rise as soon as at the June meeting.
People are starting to move from factoring in a 25 basis point rise to expecting a 50 basis point rise, ... If Friday's number is particularly strong, people may take that as a sign that rates will rise as soon as at the June meeting.
Oil is certainly not helping, ... We passed 50 a barrel, and as to be expected, people are now talking 60 or more, which is uncharted territory.
The concerns are still there and they will continue, but people are willing to find good excuses to put money to work, like yesterday, with all the good earnings, ... Interest rates remain at historic lows, so even if they rise 50 or 100 basis points, if we keep seeing double-digit earnings growth each quarter, the earnings will outpace the higher rates.
It's the first day of the quarter, which means there was a lot of end-of-quarter window dressing yesterday. So a lot of people who bought yesterday are looking for reasons to sell today.
A lot of people are still on vacation right now, the summer doldrums have kicked in, and everyone is waiting on Friday's payrolls number. There's just not going to be much liquidity until then.
© 2020 Inspirational Stories
© 2020 Inspirational Stories