Where the market lands today, I don’t know, but, on Friday, it climbed the green ladder steadily on the Employment report, which brings me to my “Wow Quote of the Week,” even if it is from last week …
All things considered, this is a solid report that should encourage the Fed to continue tightening but unfortunately, the market simply refuses to buy into it.
No, actually, the market did buy into it quite strongly. Lots of jobs and rising wages is the prescription for inflation, and both the Fed and the market like inflation, to a degree, of course.
Oil prices hit one-month lows as prospects of top exporters agreeing to curb chronic oversupply faded, while other commodities also lost ground as the dollar steadied after Friday’s strong U.S. data.
Cheap gasoline does not help on the inflationary front, but it does help create jobs that make up for the jobs lost in the energy sector, and it does provide spending stimulus. Yes, the market will continue to “buy into it.”
HP’s new laptop, called Spectre, underlines the lengths to which PC makers must now go to attract customer attention.
True, the PC went limp as small and mobile became all the rage, but the behemoth PC makers are not going quietly into that good night.
HP, Dell, and Lenovo are pumping money into the design of desktop and laptop computers, coming up with increasingly sleek machines, as well as “two in ones,” whose screens detach to become tablets.
Is that longer-term opportunity wafting in the air?
