Jim Awad Quotes

It's a tug of war between earnings and interest rates. The job numbers were stronger than expected. Hourly earnings, while for the month were as expected, came in for the year at a level that might make the Fed uncomfortable. The case is here that we have a strong economy; we're creating jobs, wages are going up. That means for the time being corporate profits are in good shape.

- Jim Awad

Tags

Earnings | Interest | Rates | Numbers | Stronger |

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Wal-Mart got the traffic, but not the margins, and that will raise questions about fourth-quarter earnings for retail in particular and the consumer sector in general. That's giving you some early caution. - Jim Awad

You're getting a relief rally in bonds ... and that's giving you what looks like at an attempt at a rally in stocks, despite the bad news out of Microsoft with the delay of its product. The GM news is also a minor positive. - Jim Awad

In terms of the Fed, the most favorable move from the market's point of view is if they raise interest rates by 25 basis points and keep the same language. If they raise 25 basis points and sound worried about inflation the market may get demoralized. - Jim Awad