Everyone's always concerned about inflationary pressures, and the CPI will certainly give us a hint about that on the consumer side,
More Quotes from Tom Schrader:
The concern is that we're very overbought right now.Tom Schrader
They'll be looking at the PPI with a real hard eye for what inflation is going to be.
Tom Schrader
We've kind of stalled here. Basically we've seen some profit-taking based on the gains we've had since mid-October.
Tom Schrader
Sometimes Greenspan tends to spin a web when he's talking, so I am not sure how many hints he'll give about the size and speed of interest rate hikes.
Tom Schrader
It seems to be some natural selling, an extension of last week ... Terrorist activity over the weekend in Turkey led to selling in Japan and selling here the earnings this morning were mixed, and you have no staggering economic news until Thursday, so people are taking some money off the table right now.
Tom Schrader
We had a great run and I think it's time for a little pause as we reflect.
Tom Schrader
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