Timothy Ghriskey
Timothy Ghriskey
barrel crude drag falls light oil parts price rally sets sweet various
Light sweet crude is over $45 a barrel now, and that's a big drag on various parts of the economy. I think at some point, the price of oil falls and that sets off a rally in the market.
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We've had some not-great earnings news, such as GM. But to us, the biggest issue remains oil. Crude up at these levels is a concern for the consumer and for corporations on a global level.
across crude impact market oil price reflected reverse saw
We saw crude reverse from the morning, and the market rises. The price of crude oil has such an impact across the economy, and you see that reflected in the market.
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Oil is likely to stay in the $40's and that is likely to result in a flat stock market for the time being, ... Unless crude can break out of that range, I think we're likely to see sideways trading.
above certainly crude dominating market moved oil pulled today
Oil is certainly dominating the market right now. Yesterday, crude moved above $60 but then pulled back by the close. Today you didn't see that.
good numbers saw
We saw some good numbers come out of GE and UTX, which bodes well for the economy, but I think we're still in this correction.
company confidence earnings industry metal outlook recovery remains road
These earnings really give analysts confidence that this company and the industry and the metal are well on the road to recovery and the outlook remains strong.
case clear economy life march muddy remain report terms waters whether
The waters remain very muddy in terms of the economy. Friday's payrolls report made the case that the economy still has some life to it, but it's not clear yet whether the slowdown in March was temporary.
case clear economy life march muddy remain report terms waters whether
The waters remain very muddy in terms of the economy, ... Friday's payrolls report made the case that the economy still has some life to it, but it's not clear yet whether the slowdown in March was temporary.
coming continue earnings economic estimates fourth increase longer reports seeing selling start strong support
Earnings have been coming in by-and-large at better-than-expected levels. But a lot of that has been priced in, and so you're seeing some selling on the news. But the profit-taking is short-term. Longer term, we should continue to see strong economic reports that support the rally, and we should start to see analysts' estimates increase for the fourth quarter.
continue economy gains period saw stock strong support
Even if GDP is strong tomorrow, even better than the 6.0 consensus, you may not see a big stock reaction, ... As you saw yesterday, we're in a period where the economy should continue to support the stock gains going forward.
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The talk is that the Fed is going to be getting more aggressive soon, and may start raising rates by 50 basis points at a time. It's not going to happen this time, because (Fed Chairman) Alan Greenspan knows he needs to prepare the market for this in advance.
book certainly economic looked next numbers report
CPI is certainly the big economic report of next week. The Fed's beige book and some of the manufacturing numbers will be looked at as well.
continue earnings few negative news number people positive potential sell short stock strong support
There have been few negative pre-announcements and a number of positive ones. Third-quarter earnings should be strong and that should continue to support the stock market. But there will always be pullbacks and volatility. There's always the potential for people to sell the news and you may see that in the short term.