Mark Bryant
Mark Bryant
conversation daily economy fact gives higher impact move oil people starts stocks worry
Oil would need to move a lot higher before it really starts to have the impact on the economy that people worry about. But the fact that it is always part of the daily conversation about stocks gives it this big impact.
attribute basically blue decline oil seen somewhat
A lot of this (rally) you can attribute to oil being down more than a dollar, ... You had basically a one-stock decline with 3M this morning, and because that is somewhat seen as a proxy for the economy, like GE, it was weighing on the blue chips.
gaining hard keeps oil seem
Oil keeps gaining and it doesn't seem to want to stop, ... It's hard to get any (stock) traction when that's happening.
certainly oil passed people talking uncharted
Oil is certainly not helping, ... We passed $50 a barrel, and as to be expected, people are now talking $60 or more, which is uncharted territory.
determine earnings exceed few forecasts market meet negative
With so few negative pre-announcements, many of the earnings should meet or exceed expectations, ... So it's what is in the forecasts that will determine the market direction.
close looking needed raise
When looking at what is needed to close out the year, the only needed raise was 2 mills,
concern defensive economy few healthcare hit mostly names seeing sensitive strength today
There is some concern with the strength of the economy going forward, ... and that's why you are seeing the economically sensitive names getting hit especially hard. What few gainers you see today are mostly in healthcare and other defensive sectors.
across budget months revenue six
Six months into the budget we were under budget on revenue across all the courts,
holding mid pattern pouring quarter ready second sort start
I think we're sort of in a holding pattern as we get ready for the second quarter earnings, which start pouring in around mid July,
boost likely news provide tomorrow
I think any news out of OPEC tomorrow is likely to provide more of a psychological boost than anything else,
estimates line number roughly shake stock varies widely
I think a payrolls number that varies widely from estimates will shake up stocks, ... But as long as we're roughly in line with forecasts, there probably won't be much stock reaction.
built fed market percentage raise rates recent reports since upset
I think it's pretty much built into the market the Fed will raise rates by 25 percentage points, ... If they don't, that may upset the market, particularly since some of the recent (economic) reports have been weaker.
dollar increase mill nearly
The 2 mill increase translates into a dollar increase of nearly $1.2 million,
admonish bit congress jump knows markets might understanding unlikely
I think the understanding is that he might admonish congress a bit on spending, but otherwise, he is unlikely to say anything that would ruffle the markets, ... He knows how the markets jump on his every word, so he'll be careful.