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To: Jill who wrote (1292)6/4/2000 9:53:00 AM
From: Poet  Respond to of 10876
 
Good morning, Jill,

Here's a snippet from the Sunday OIN, regarding general market movement this coming week:

"The next series of reports that could fuel the fire or derail
the rally will start with the productivity report on Tuesday
followed by Import/Export prices on Thursday. These are small
change compared with the PPI on Friday and CPI the following
Tuesday. The lightweights at the beginning of the week could give
us a couple days more extension on the current rally before the
obligatory pull back in front of the PPI. Over 70% of analysts
now expect the Fed to take a pass on another rate increase at
the June 28th meeting after the recent indications of a slowing
economy. The debate of will they or won't they is heating up.
There are analysts now that point to the rash of negative
economic news as indications of an impending crash landing for
the economy from an over aggressive Fed rate hike policy. The
fear for the Fed is that they go one hike too far and send the
economy into recession instead of steady growth."