Tom Schrader
Tom Schrader
confidence consumer definitely higher impact morning number oil prices shocked starting
The confidence number this morning was abysmal, and that's what shocked the market. The higher oil prices are definitely starting to have an impact on consumer spending.
concern
The concern is that we're very overbought right now,
market negative tone
The market has a negative tone to it right now,
confidence consumer earnings given impression lack morning negative people
The consumer confidence (index) this morning was better than expected, and the lack of negative pre-announcements has given people the impression that first-quarter earnings are going to be good.
biggest looked numbers sentiment tomorrow
All of those numbers will be looked at, but the biggest number tomorrow will be the sentiment index.
certainly claims drop good growth maybe morning next numbers saw
All the numbers we saw this morning were good for the market's purposes. GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.
certainly claims drop good growth maybe morning next numbers saw
All the numbers we saw this morning were good for the market's purposes, ... GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.
bad hammered news
The Dow's getting hammered by all the bad news this morning,