83 Quotes by Tim Heekin
- Author Tim Heekin
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It's been pretty quiet all week, volumes have come down...You have pretty significantly reduced volume here in August, ... This morning there was nothing to really move the dial on PPI or jobless claims.
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It's pretty quiet today. We've got an FOMC meeting behind us, most of the earnings behind us, an employment number behind us. The next piece of economic news everyone will look at will be retail sales on Thursday.
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It's pretty quiet today, ... We've got an FOMC meeting behind us, most of the earnings behind us, an employment number behind us. The next piece of economic news everyone will look at will be retail sales on Thursday.
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The news created volume on positive speculation about other potential corporate mergers. However, last week was a down week, so we have a little bit of a bounce-back rally Monday.
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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.
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After that period, you could see a rally in July, with people really setting themselves up then for the second half of the year.
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I hope we'll see a nice pick-up in business as September gets underway.
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I guess a new deadline could be positive for markets, but I'm of the camp that the more the war is postponed, the more it keeps the market distracted.
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If the rate increases do stall out at 5 percent, I think there's still tremendous upside room for this group of stocks. Rates will be a very key metric that's going to determine whether these stocks make new highs or pull-back.
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