Larry Peruzzi
Larry Peruzzi
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.
applied data market normal numbers oil positive rally reaction stock trigger volatile
In a normal week, these numbers would be positive enough to trigger a rally in stocks. But with the two hurricanes, oil data has become very volatile and the same has applied to the stock market reaction to the data.
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.
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.
closer
We're closer to US$80 (a barrel) than to US$70, and that's kind of discouraging.
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.
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.
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.
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.
performer shock stellar territory
It's more of a shock factor. It's been a stellar performer and a leader. This is kind of new territory for them being this cautious.
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.
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.