John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: t4texas who wrote (5831)	3/14/2002 3:27:25 PM
From: John Pitera	Read Replies (1) of 33421

I'd say that GE sees rates working their way higher over the next 6 to 12 months, and they also realize that with the liquidity concerns that we have witnessed in the marketplace, it never hurts to access the Credit Markets and move some of their borrowings further out on the yield curve. -------- 08:04 ET 10-year: -7/32..5.306%....GNMAs: Unch....$-¥: 128.56 Of the four 8:30 ET economic releases business inventories and sales is the most relevant. The 1.1% jump in sales already seen in the data combine with an expected 0.4% drop in inventories to leave a return to the lowest inventory/sales ratio in at least 15 years and most likely a record low. Dead low inventories has tightened the relationship between new orders and production given the lack of existing stock to fill orders. The downtrend in Initial claims for unemployment benefits has slowed. Claims have held in a 20K range over the last six weeks centered at 371K. Import and export prices provide a little direction for international trade as the current account adds financial transactions to the trade data to leave the broadest measure of US global transactions.

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