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Non-Tech : Invest / LTD
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To: drsvelte who wrote (8825)6/8/1999 3:42:00 PM
From: Michael Watkins  Read Replies (1) of 14427
 
DJI, SPX and Naz Comp are all positioned for a big move upward if Friday is benign.

I'd be willing to bet that (in the absence of more "news" preceding Friday's numbers) that the market is net sideways going into Friday am.

What I can't reconcile myself is if all this talk of .25% being factored in, truly is. My gut feel is that concerns will immediately switch to "will there be another hike soon after" - that concern I do not believe is factored in at all.

The TYX, after all, is also equally poised for a strong move upward in yield too.

Can't have the yield explode up at the same time as stocks. It sure feels like decision pivot time.

Strong economic numbers ought to give me that pre-summer sale I've been hoping for. :)

If the number is middle of the road, I have every confidence the Fed meeting at the end of the month will contain enough meat on the inflationary front to have an effect.

Not a bull, not a bear, just an opportunist.

(Hullo SW!)
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