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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: JG who wrote (18604)6/27/1999 5:28:00 PM
From: john rieck  Respond to of 99985
 
Indeed. It seems a number of strategists are expecting a relief rally after the Fed announces its 1/4 pt hike...but what about the key economic reports Thurs and Fri? Does anyone here expect a rally before those numbers? Can this market (esp. the NAZ) rally without rates going back below 6%?



To: JG who wrote (18604)6/27/1999 6:36:00 PM
From: James Strauss  Read Replies (1) | Respond to of 99985
 
JG:

You bring out a good point... Everyone is focused on the FED meeting... A drop in the unemployment numbers could shake up the market if the FED bias doesn't change... So, we have a lot of variables to deal with:

1. Size of FED rate increase...
2. FED rate bias...
3. Unemployment statistics...

Numbers 2 and 3 will have the greatest impact on the markets...

Jim