Larry Peruzzi
Larry Peruzzi
came closely factor line number positive rate watched
It's a number kind of closely watched by the Fed. It's a big factor in the rate decision-making, so the fact that it came in line is a positive trend.
banks beginning confidence consumers higher impact less means oil prices retailers seeing shares spending wonder
Consumers are beginning to feel the impact of higher oil prices in their pockets. Less confidence means less spending and no wonder we have been seeing shares of retailers and banks faltering.
broken concerns continue earnings entirely good looking momentum pattern people sell somewhat sustain
This morning, we were able to sustain momentum somewhat off of some good earnings reports. But the pattern still hasn't broken entirely that people are looking to sell into the rallies. The concerns continue to be inflationary.
looking market past tends
This morning, the market tends to be looking past that a little bit.
bigger closer definitely noticeable
It's definitely oil. We're closer to $80 (a barrel) than to $70, and that's kind of discouraging. The bigger it gets, the more noticeable it is.
bit coming earnings helped last lows saw
The earnings coming through are better than what we saw last week. Oil's made lows for the day so that helped us come through a little bit here. That's what is getting us a little bit of a bounce.
again buy demand dried fed incentive increase investors meeting morning oil prices today took trading
The increase in oil prices as trading started this morning took away all the incentive to buy stocks. With oil going up again and a Fed meeting tomorrow, investors are being very cautious. Demand today has dried up.
commodity economic environment high people pointing strong
All indicators are pointing to strong economic growth. That's got people excited, especially in an environment of high commodity prices.