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

To: Tunica Albuginea who wrote (70205)	2/23/2001 9:49:38 AM
From: JRI	Read Replies (1) \| Respond to of 99985

Nope, Tuesday consumer confidence will be the trigger- if Dow at 10k and below, and Naz at 2k (as I expect)

To: Tunica Albuginea who wrote (70205)	2/23/2001 1:34:40 PM
From: Wayners	Read Replies (1) \| Respond to 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.