The evidence of gathering economic strength is becoming increasingly difficult to ignore.
David Joy
The market is going to sort of tread water until we hear the results of the (Fed) meeting and what the Fed has to say about their decision. That's the 500-pound gorilla of events next week.
meeting results decision events water market hear
We'll see what impact, if anything, the hurricane had on them, and it may be a harbinger.
impact
We'll see if Goldman can keep that string going.
They will probably have to make some estimations.
Normally, you buy back a lot of stock when you don't think there's any reason to invest in your own company,.. Parsons hasn't ruled out Icahn's suggestions, but it's clear he wants his flexibility.
reason company flexibility
Things are stabilizing but there is still not a change that would suggest a major new spending cycle in tech.
change things
It doesn't take a lot of money moving into these stocks to move them higher. But valuations will put a cap on how far things will go.
money moving things
strength difficult evidence
Clearly the far more important factor for tech is the relative strength of the economy. It trumps the dollar situation. But if the dollar improves, it does take the bloom off the rose for some of the sales numbers that companies have reported.
strength numbers economy rose sales bloom important situation
Rate hikes don't have to mean the death knell for tech spending. Fundamentals are still strong.
death strong
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