Owen Fitzpatrick
Owen Fitzpatrick
again beyond bit concern confirmed control energy fed inflation outside pressure rate takes
Inflation is once again confirmed to be not much of a concern and well under control outside of the energy sector. That's helpful. It takes a little bit of pressure off the possibility of the Fed going much beyond another two rate increases,
bad beyond concern consumer control fear fed growing inflation interest move number price rising sign terms
The consumer price index was not a bad number at all. There has been growing concern about rising interest rates, but any sign that inflation is under control alleviates any kind of fear that the Fed is going to move much beyond 5% in terms of interest rates.
terms
Oracle, in terms of earnings, is influencing the market.
almost data economic fed growth mean modest showing strong terms viewed
Economic growth has been modest but positive, but what does it mean in terms of Fed action? Too strong of data is almost going to be viewed as a negative, especially if it's showing an overheated economy.
again energy flowing money names profit sector seeing taking throughout
And we're still seeing profit taking in some of the higher-multiple names such Apple. Money is also flowing out of the energy sector once again as it has done throughout the week.
care cost energy health helps terms trading
Energy is trading off a bit, and I think that helps the other sectors in terms of it alleviates a cost for a lot of companies. Health care is doing well on the back of Bristol-Myers news, and also Boeing (is) getting another order.
comments concern fed
There was a little concern over some of the comments made by one of the Fed presidents.
buying door late opened surprising
There was nothing surprising in the speech. That opened the door for a late buying opportunity.
positive raise rates time
Things have slowed down, but it's still positive growth. We think they'll raise rates tomorrow, and one more time before year-end.
again belief corporate cycle definitely flowing leading money pick spending tech
Tech is once again leading the market; there's definitely money flowing into the sector. There's the belief that the corporate spending cycle is going to pick some steam.
greenspan huge issue people remember
Productivity has been this huge issue for the market, and people remember Greenspan highlighting it in the 1990s.
definitely front inflation risk
The risk is definitely on the inflation front and its implication for rates.
definitely outlook pulling stock technology terms
Dell, in terms of the outlook number, (is) definitely pulling down not only that stock but technology in general.
clothing economic numbers quiet retail sales seem since store
Since it's a quiet day in economic news, I think retail sales numbers are the big story out there today, and they seem to be a little disappointing, especially clothing store sales.