But the language in the Fed comments and in Greenspan's speeches of late has been pointing to rate hikes becoming more aggressive, ... The word 'measured' is going to be dropped soon, maybe at this meeting, maybe at the next.
More Quotes from Timothy Ghriskey:
There have been few negative pre-announcements and a number of positive ones, ... Third-quarter earnings should be strong and that should continue to support the stock market. But there will always be pullbacks and volatility. There's always the potential for people to sell the news and you may see that in the short term.Timothy Ghriskey
There's been this dramatic rise in interest rates recently, and it's sent a shiver through the market.
Timothy Ghriskey
It's not causing a sell-off like it has in the past, but it does make it unlikely the market can move a lot higher.
Timothy Ghriskey
You're seeing a little relief buying after the pressure of the last three days. There was a lot of selling on the speculation about Rita, but now that it's getting closer to where it's expected to hit land, there's a backing off.
Timothy Ghriskey
Even if GDP is strong tomorrow, even better than the 6.0 consensus, you may not see a big stock reaction, ... As you saw yesterday, we're in a period where the economy should continue to support the stock gains going forward.
Timothy Ghriskey
The waters remain very muddy in terms of the economy, ... Friday's payrolls report made the case that the economy still has some life to it, but it's not clear yet whether the slowdown in March was temporary.
Timothy Ghriskey
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