I think overnight there was another focus on the bank of Canada statement and it pushed aside the oil sell-off, as monetary policy is probably going to have a longer term role than oil.
More Quotes from David Powell:
The wording was that monetary policy is still stimulative, which implies further rate hikes down the line. And this morning, when capacity utilization was released, that definitely augured well for another rate hike.David Powell
I think it was a day of market psychology taking over and looking at those crude prices, because there was nothing else to pay attention to.
David Powell
The U.K. is an eye-grabber. These are petrodollars coming from the OPEC countries through intermediaries in London. Petrodollars continue to be very sensitive to interest rate differentials.
David Powell
The 2001 recession hit us hard, and we've seen slow growth since then. We need a strategy to drive growth.
David Powell
One can't disregard the short-term effect of market psychology, and it looks like that's what was going on here today.
David Powell
Readers Who Like This Quotation Also Like:
Based on Keywords: sell-offI am convinced the prophets of doom have to be taken seriously.
Maurice Strong
Some of the speakers we bring on campus may not reflect official church teaching, but that's how it is.
William P. Leahy
In my position you have to read when you want to write and to talk when you would like to read.
Catherine II