All of the numbers this week are potentially market moving. I think people will be watching the numbers for hints about inflation.
More Quotes from Tim Heekin:
There are good trends everywhere. Some people are looking for a 5 percent to 10 percent correction, partly because they think it's healthy and partly because they want a pullback so they can jump back in. But the path of least resistance remains up.Tim Heekin
This is the fourth day in a row where there's been disappointing economic news, and the market is reacting to that. People are also doing a little consolidating before the weekend.
Tim Heekin
There's nothing fundamental driving these gains. The Nasdaq had sold off over 10 percent, the Dow and the SP had started to correct as well, so you're seeing a bounce off of that.
Tim Heekin
Even with the Dell news, the two themes we've seen today, and lately, have been strength in select technology -- today, that was the chip sector -- and strength in industrials.
Tim Heekin
You can interpret it a bunch of ways, but all I know, and all that the market seems to know, is that short-term rates are going to rise, and they're going to rise really soon.
Tim Heekin
After that period, you could see a rally in July, with people really setting themselves up then for the second half of the year.
Tim Heekin
Readers Who Like This Quotation Also Like:
Hollywood is not good when it comes to age.Kyle MacLachlan
When I get a little money I buy books; and if any is left I buy food and clothes.
Desiderius Erasmus
There's a lot of bitterness, there's a lot of anger out there. We all have to work hard to heal those wounds.
Allen Boyd