Michael Sheldon may refer to: (wikipedia)
So far, we haven't seen a major increase in core inflation, all we've seen is a sharp rise in energy prices. It seems logical that higher energy prices should start to feed through to higher inflation.
So far the earnings season has gotten off to an underwhelming start. I think the positive news from Intel is just what the market needed and is likely to lead to a favorable opening on Wednesday.
So far the earnings season has gotten off to an underwhelming start, ... I think the positive news from Intel is just what the market needed and is likely to lead to a favorable opening on Wednesday.
We're not seeing a lot of follow-through in the Nasdaq. You're not seeing a dramatic weakening in the index, but Apple created a bit of a drag for tech stocks, and we haven't seen buyers really step up to the plate.
We're not seeing a lot of conviction, either by buyers or sellers, so far this week.
The technical trends of the market and the sentiment has improved over the last few weeks, plus there are seasonal factors working in the market's favor.
It's been a choppy few weeks. While the Dow and the S&P 500 have started to perform better, the Nasdaq is still below its 50-day moving average and its January highs.
We're likely to see a correction this year after the run we've had, as well. But the outlook for third and fourth quarter earnings has been good, and if the economic data continue to improve, we could see a slightly more narrow decline that what people have been expecting.
Intel's numbers were clearly disappointing, as is reflected in the futures. The one thing is that you never know what will happen to the market given that the monthly jobs report comes out before the bell.
Intel's news is going to hurt techs tomorrow. I think if the payroll numbers are disappointing, too, you're going to see a broader sell-off.
