MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Tunica Albuginea who wrote (70205)	2/23/2001 1:34:40 PM
From: Wayners	Read Replies (1) of 99985

Market is at mercy of AG. Yep. And don't you think AG is at the mercy of PPI and CPI? Not really. AG doesn't always trust the numbers he's given. If they don't make sense to him he ignores them. Currently we're watching Consumer Confidence and NAPM report next week. Consumer confidence is highly correlated to the stock market. AG has already stated in speech testimony that they are closely watching consumer confidence. He will have those numbers a day or two in advance of the rest of us. Well the Economy is not going too bad considering 4.2% unemployment Lagging economic indicator. 4.2% is also up from the recent 3.9%. So in fact, AG may want to wait for next CPI/PPI before considering any rate cut at all, considering the previous unexpected increase in CPI/PPI. Federal Funds futures are still pricing in a sligtly more than 50bp cut even after the CPI and PPI numbers. I wouldn't bet against the federal funds rate futures traders. They know the Fed.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next