The number looks pretty much in line. Ex-food and energy was better than expected. The focus is on earnings now this economic number is out of the way. The market looks to be doing OK off the get-go here.
More Quotes from Brian Williamson:
The big concern that the Street has with the Fed is if they continue to go at this pace, what does this do to corporate profitsBrian Williamson
You're seeing some selling now, some consolidation maybe, but I'd be cautious of that. The market's been very resilient. Investors have been very quick to buy if they get a little good news.
Brian Williamson
The push-up (in oil) was enough to scare some people with geopolitical unrest overseas, but it's a long day. Sixty-two dollars a barrel is probably the level where you start to see some effects on equities.
Brian Williamson
Compared to the last two weeks, there are not too many scheduled events with the ability to move the entire market next week. So traders will try to make money by focusing on individual names and earnings reports.
Brian Williamson
He's been working good. It seems like every time he works there's some horse that's in front of him or tries to pass him. It's made him work faster, but he's been beating them.
Brian Williamson
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By now it is evident that the Soviet Union must gain control of Europe to maintain its empire.
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