46 Quotes by Marc Pado
- Author Marc Pado
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It is a domino effect of negative news.
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- Author Marc Pado
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The 10-year has been trying to anticipate the fed funds rate. As soon as (Fed policy-makers) made it clear that they weren't going to stop at 4.75 percent, there was a big jump.
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Most everyone has rather positive expectations for double-digit (corporate earnings) growth for the first quarter. That is already 'baked in the cake'.
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While we would like to see a follow-through day, the positive implications from yesterday's rally should help reinforce a support under the market at Tuesday's intraday lows. Weakness in same-store retail sales and continued strength in crude will represent the first obstacles for the bulls today.
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Yesterday was perhaps as technically disappointing as last Friday.
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With the tax date deadline, you're getting money flows coming into the market.
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- Author Marc Pado
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We're not going to feel the impact of these rate hikes for quite some time.
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Yields, especially on the long end, have been dogging the market in recent weeks. And retail sales down more than expected shows enough of a slowing to question whether or not the Fed needs to continue to act.
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