Larry Peruzzi
Larry Peruzzi
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.
add alarming couple elevated energy fed further inflation policy prices risk
There are a couple of things that were a little alarming from the Fed statement, one of those being that elevated energy prices may add to inflation risk and that some further policy firming may be needed.
bring buy buying coming helped names programs saw technology widespread
We saw some buy programs coming into the technology names. It was widespread buying into the small-cap names that had been lagging all through the day, and that helped bring things back.
buy coming programs saw technology
We saw some buy programs coming into the technology names.
coming decent earnings good hold market number numbers
We need to see a decent number of earnings coming through with good numbers before we see the market able to hold a rally.
bond brought highest seven trading yields
Bond yields are trading at their highest in seven months, and that's brought back some inflationary concerns.
fed feeling further hikes market rate react waiting
Boy, we've been waiting for this. The feeling is that the market does not need further rate hikes and that the Fed will react accordingly.
borrowing coming companies earnings energy exposure higher
When we see the earnings coming across, you're really going to look to the exposure that these companies have to higher energy and higher borrowing costs.
companies demand helped late lift outlook remains sector shares stock strong technology
The outlook for technology companies remains strong and demand for shares in the sector helped lift stock indexes late this afternoon.
bring certainly commodity consumers creative energy figuring income increase interest prices reduction retail retailers saw spur ways
If we saw a milder winter, or a reduction in energy prices and commodity prices, that will certainly increase the consumers' discretionary income and spur interest in retail stocks. Retailers need to be more creative in figuring out ways to bring consumers back into the stores.
basically bit continues key lower resistance row second slightly unchanged
We're slightly lower to unchanged basically for the second day in a row after a little bit of a rally. That 11,000 continues to be a key resistance area.
lately volatility
What we're having lately is a lot of volatility in the market. There's a fixation with the Fed.
closer
We're closer to US$80 (a barrel) than to US$70, and that's kind of discouraging.