Tom Schrader
Tom Schrader
economic gains gasoline less morning news unusual yesterday
We had such big gains yesterday that it is not unusual for us to consolidate a little bit. Then, oil's down but gasoline is up and that is counterbalancing each other. The economic news we had this morning was less than inspiring.
continue economic fed few hikes morning numbers past possibly rate seen stronger weeks
Economic numbers this morning were very story and could give the Fed more ammo to possibly continue their rate hikes past May. Most of the numbers we've seen over the past few weeks have been stronger than expected.
activity earnings economic extension japan last led money morning natural news people seems selling staggering table taking terrorist turkey until week weekend
It seems to be some natural selling, an extension of last week ... Terrorist activity over the weekend in Turkey led to selling in Japan and selling here; the earnings this morning were mixed, and you have no staggering economic news until Thursday, so people are taking some money off the table right now.
dollar everybody iraqi kept loves meeting military morning news rally today
I think the rally got started by news of the super-secret meeting with the Iraqi military this morning and just kept going from there. Everybody loves equities and the dollar today and everything else is down.
action coming consumer energy investors less money morning news oil prices worried
They like the CPI news this morning and the action in oil markets, with oil down 2 percent. Investors are less worried about inflation, and with energy prices coming in a little bit, that will give more money for the consumer to spend.
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.
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.
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.
damage drifting east further houston less storm
The storm is drifting east, and the further east of Houston it gets, the less damage it is going to do to refineries in the Houston area.
broken continue drag finds market sell tends until
The semiconductor index right now is a broken index. Until it finds some support, it will continue to sell off and that tends to drag down the market as a whole.
ahead buyers lack meeting recent seeing selling today tomorrow
The selling today is long overdue after the recent rally. You're seeing a lack of buyers ahead of the Fed. You'll probably see more selling tomorrow as the meeting begins.
boston half managers portfolio quiet stay sure york
Things are going to be very, very quiet today, because I?m sure half the portfolio managers in New York and in Boston are going to stay home.
crude investors less market storm vulnerable
Crude futures are down as investors see the storm going in a less economically vulnerable area, and that's what has got the market rallying.