It seems that violence and killings has dropped significantly in the last few days, and although we want to remain cautious, we still have noticed a trend downward and certainly we have noticed less tension in the surrounding districts.
We're still in a negative trend. Long-term interest rates are too high, earnings estimates are still too high. We've had seven out of eight down weeks, so we saw a little bounce in the beginning of this week. But the downward pressure hasn't eased.
If we get an early jump on storage before the hurricane fears kick in and before injections begin competing with generation demand (for air conditioning), we should see more downward pressure on prices.
If the rise in imports and utilization manifest this week continues next week, it could apply some downward pressure. Of course, any decline in petroleum prices would be predicated on the notion that the Iranian geopolitical situation remains relatively quiet.
We have to see how far downward revisions go. You better fasten your seat belt as we go through that...What's been going on, is there was a sort of misplaced euphoria.
A few months ago I would have said prices would be up as much as 20 percent. But based on recent feedback you're going to see localized bumps and a longer-term stable to downward trend.
If powerful upward earnings estimate revisions have not been able to drive equity prices higher, we suspect that downward momentum in such estimate revisions may cause further stock market weakness to emerge in the next few months.
Although the results are positive for the stock market, the BUX is ripe for a downward correction in view of the strong rally of recent weeks.
Although inventory rebalancing is well underway, weak sales and elevated inventory-to-sales ratios will keep downward pressure on industrial production and manufacturing employment, ... This situation is unlikely to improve until spending accelerates.
These two currencies see an overbought condition against the dollar and technically may face some slides for now. Their rising trends will remain in place but we need to have a downward correction first.