während viele Aktien aus der zweiten oder dritten Reihe ihre Korrekturen
bereits hinter sich haben, könnte den Großen der Branche eine echte
Korrektur noch bevorstehen. So sehen die Charts der Schwergewichte Cisco,
Oracle und Sun Microsystems sehr bedrohlich aus. Sollten hier die Marken von
50 Dollar (Cisco), 30 Dollar (Oracle) und 100 Dollar (Sun Microsystems)
nicht halten, droht ein echter Ausverkauf, der den gesamten
Technologiesektor mit nach unten ziehen würde.
Cisco derzeit vorbörslich bei 43 US$! Futures tiefrot
Abgesehen davon kamen gerade folgende weiters belastende Wirtschaftsdaten, die die Angst vor neuerlichen Zinsanhebungen nach der US-Wahl wiederaufleben lassen werden:
Economic Report
By Rex Nutting, CBS.MarketWatch.com
Last Update: 8:36 AM ET Oct 30, 2000
Newswatch
Latest Headlines
WASHINGTON (CBS.MW) - Consumers aren't feeling any slowdown in the economy, Commerce Department figures showed Monday.
Boosted by one-time farm subsidy payments, personal incomes soared 1.1 percent in September, while consumer spending surged 0.8 percent, largely because higher energy costs took a bigger bite out of their wallets.
The personal consumption expenditure deflator, a key gauge of inflation watched carefully by the Federal Reserve, rose 0.4 percent. Excluding food and energy costs, the PCE deflator gained a modest 0.2 percent.
Wall Street economists polled by CBS.MarketWatch.com expected both spending and incomes to rise 0.6 percent.
Financial markets barely reacted to the report. See full story.
This week's calendar includes more important data, such as the jobs report on Friday, the National Association of Purchasing Management report Wednesday and the quarterly refunding announcement for Treasurys.
Incomes rose 0.4 percent and spending rose a revised 0.5 percent in August.
Both incomes and spending were pushed higher by special factors in September. Excluding the farm payments, personal incomes grew 0.4 percent. The apparent jump in spending was largely due to inflation. Real (or inflation-adjusted) spending rose 0.4 percent compared with a gain of 0.5 percent in August.
Consumer spending represents about two-thirds of final economic demand. The Fed tried to cool off the economy by raising interest rates six times between June 1999 and May 2000, but consumer spending has been largely unaffected by higher rates or by the dramatic sell-off in the stock market this year.
The continuing strength in consumer spending is one reason some economists believe the Fed may still see the need for higher interest rates in coming months, although no one is forecasting a rate hike on Nov. 15. The Fed's theory is that robust demand creates jobs, which could lead to higher wages and thence to higher prices.
The gain in the PCE deflator, the largest since March, won't trouble the Fed policymakers on the inflation front, since it's mostly the result of higher energy prices. The PCE deflator for durable goods fell slightly, while the deflator for service (where wage-push inflation could surface) rose just 0.2 percent.
Würde also nur in ausgewählten Werten, die Ihre Zahlen deutlich übertroffen haben und deren Wachstumsraten weiter steigen, kaufen.
Grüsse Auhof
