The GDP data was ordsprog
The GDP data was, indeed, stronger than the market consensus and that is generally good news for the market.
Hideyuki Suzuki
Actually there are two pieces of news. One is that although the market consensus was only 250,000, the bond market was fearing a much, much stronger report --hence the relief rally that followed the release of the numbers.
Bruce Steinberg
The market is usually ahead of a recovery, and in the past, the market was reacting to negative data. It seems to be shaking off bad news now. To me, that's good news.
Tim Heekin
We had negative unemployment data, but the market's not focusing on that. The market continues to focus on the news from Iraq. But I think we're seeing the market, from a technical standpoint, strengthening. Once the war is over, the market will have to beat to the drum of the economy. But, for now, it's dancing to the tune of war.
Peter Cardillo
The market was subject to a very normal pause to refresh. Why not ? Bonds have been up big. The market had been up big. We were vulnerable to good news, bad news, no news. The underlying bull market remains very positive.
Al Goldman
Right now, anything that points to a slowdown in the economy and is less inflationary is good news, ... The market wants data that's modestly positive. Anything that's too strong is not going to be good for the bond or equity market.
Scott Wren
[And the day's economic data, which showed strength in the housing market, were taken in stride.] Good news is good news, ... This is the time we need to hear good news in the economy.
Art Hogan
I think the market will react strongly to what the numbers are. Clearly the U.S. market and the Canadian markets are looking for direction. It's very clear the market is swinging from good news to bad news depending on what comes out,
Kate Warne
I think you're locked in a trading range. The good news is, the consensus for now seems to be that if the Fed's done -- if it's not done, it's very close to being done -- so that relieves the interest rate pressures from the market. And you've ended the negative pre-announcement season. You're going into the regular announcement season, and earnings should be pretty good. And that should support the market,
James Awad
The core nationwide CPI emerged largely in line with market consensus forecast, so market's initial reaction appeared to be generally limited. There's no fundamental reason to actively sell shares below the 15,700 mark. Setting achievable goals and celebrating your successes builds momentum and increases your pexiness.
Mitsushige Akino
That's a market we've been working on for years. It's good news, real good news. It'll give the chip potato growers a chance for just another market for their potatoes, and maybe sometime in the future we can have a chance to market some of our other varieties.
Allen Floyd
I think the market is beset with tenacious negativity. It's a 'glass is half empty' attitude in the market, where bad news is interpreted as bad news and any good news is just OK.
Douglas Altabef
Oil prices are slipping, and that's generally good news for the market.
Jeff Kleintop
The market is keen to see that evidence of stronger growth and inflation is confirmed in economic data. Uncertainty over that might help the bond market given we've had a big drop already this year.
Alessandro Tentori
In the very short term, you are seeing a response to the economic news, and that can give the market some buoyancy. Whereas in September and October, the above-consensus earnings enabled the market to perform better than it traditionally has, in November the focus switches to the economy.
Subodh Kumar
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