Robert Pavlik Looking Quotations

People are looking for a Santa Claus rally, but I don't expect it's coming. The only real positive I saw today was some of the economic data. It's been a hard day to get excited about. We've seen some individual names get action, but nothing is carrying over.

Today was a bit disappointing. The bond market has a flat yield curve and people are still concerned about inflation. We're still left looking for any indication that the Federal Reserve won't raise rates as much as people are fearing.

Both the bond and stock markets will watch this report carefully, looking for any additional signs of rising prices in the production process. The trend for the overall report has been on the rise, while the core appears as though it may have reached a top.