Tom Schrader
Tom Schrader
beyond count durable economic goods lack land market news oil orders price reported starting tomorrow
We're starting to get into that no man's land of lack of earnings, with most of the S&P 500 having reported already. We'll have durable goods orders tomorrow and beyond that, the market is going to have to count on the economic news and the price of oil for drivers.
concerns earnings oil prices scaring
We've got earnings concerns today, and oil prices are still scaring everyone.
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.
employment euphoria fact friday oil prices saw seeing
I think you're seeing a continuation of the euphoria we saw on Friday with the employment numbers, and the fact that oil prices are down again.
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.
area builders coming home led negative news obviously
We have negative news coming out of the home builders this morning, and obviously that's been an area that has led the economy.
concerns retail sales seem
There are some concerns about retail sales but they don't seem to be weighing on the market.
activity knows people stretch talk terror worried
I think people are very worried that this is going to stretch out, particularly if it's close. No one knows who is going to win, or when they will win, and there's still talk of terror activity around the election.
continue definitely economy fed few indecisive next street
I think this choppiness is definitely going to continue over the next few months. The Street is very indecisive about what the economy is going to do, what the Fed is going to do.
action ahead amount approach due earnings economic last later news nice people run sideways taking week
I think we're going to see some sideways action this week. We had a nice run last week and there's a significant amount of economic and earnings news due out later in the week. I think people are taking a 'wait and see' approach ahead of that.
indicator main people report waiting
I think the unemployment report is the main indicator people are waiting for this week.
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.
busy earnings economic impetus last later less move news today until week
Last week was very busy and I think today there is less impetus to move. There's no earnings news, no economic news until later in the week, and so there's nothing really to move us.
bit claus santa sure
I think we're still going to get a bit of a Santa Claus rally. But I'm not sure how substantial it's going to be.