Spending is still up year-over-year by $35 billion, which is good, however, the rate of spending growth is slowing so we could see the stock market stall out here.
I don't think the spending slowdown is fatal by any means, it's just a "downshifting."
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Seems like equities are having a hard time here at around 2,000 on the SPs... oil stuck at the $35 level.... we need to start seeing some positive earnings guidance from the non-oil related firms for Q1 then maybe we can start to drift higher on the index....
If they raise today, we might get a sell off on the equities....
If they raise and we get a selloff that is a gift to buy. As it is already, we are something like $12 billion higher in interest payments so far this fiscal year compared to last year. A raise is a fiscal gift.
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