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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	5/11/2001 2:09:04 PM
From: besttrader	of 37746

14:00 ET Dow -118, Nasdaq -23, S&P -11.60: [BRIEFING.COM] By Briefing.com's calculations, fed funds futures are now pricing in a 44% chance for a 50 basis point rate cut. While questions regarding Tuesday's policy decision are becoming a legitimate issue, there will be further questions on subsequent moves once the decision has been made. These decisions are influenced by economic data which will make upcoming economic releases more influential on the equity markets. This is of particular interest coming out of earnings season as corporate news will be lighter in this period of relative uncertainty on monetary policy. For a complete list of what to expect on the economic front, please visit Briefing.com's Economic Calendar. DJTA -0.3%... DJUA +0.7%... SOX -0.1%... XOI -0.6%... BTK -0.2%... Nasdaq 100 -0.5%... S&P Midcap 400 -0.5%... Russell 2000 -0.5%... NYSE Adv/Dec 1284/1623... Nasdaq Adv/Dec 1562/2033.

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