Owen Fitzpatrick
Owen Fitzpatrick
terms
Oracle, in terms of earnings, is influencing the market.
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.
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.
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.
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.
earnings fact fed good growth interest market moving rates relief start terms waiting
The market is really waiting for a little relief in terms of interest rates moving higher. Once we get that relief of the Fed being done, you'll see the market start to concentrate on fundamentals and the fact that we're still going to see pretty good earnings growth this year.
But there is going to be a little skittishness going into tomorrow.
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.
becoming beginning companies earnings forward growth issue ok stock
Growth going forward is becoming the big issue for stock investors. Things are still OK on the earnings front, but some companies are beginning to be more conservative with their guidance.
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,
dictates general number type week
In general it's going to be that type of week where the number of the day dictates the market.
fact fed longer number people period raise rates translate
If the number had been too strong, people would translate into the fact that the Fed would have to raise rates over a longer period of time.
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.
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.