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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (13455)1/24/1998 2:06:00 AM
From: Death Sphincter  Read Replies (1) of 94695
 
GZ..in addition to the Jap sales..ECI comes out on 27th...market looks for .9% increase on top of .8% increase from last report. This is one of Greeny's big indicators. Several months ago managed health care companies said they would be raising premiums starting 1st quarter....as much as 7% if I recall correctly. If there is no "downside" surprise on this report I think it will take some of the optimism out of the bond market for a Fed lowering in the immediate future. If there is an upside surprise the bonds should get hit. we'll see.
back in April the DOW was staring to come off of its bottom from the correction, the market was waiting to see ECI numbers, as there was inflation fear and Fed raising concern back then. The numbers came in way under projections and the market took off up 170+, the date was April 22, and never looked back. it has been a nonevent ever since. we'll see what happens this Tuesday

carl
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