Whether we hit it today or next week, I don't really think hitting 50 is going to give us a downturn.
More Quotes from Jason Schenker:
The ISM service survey joins a number of economic indicators that have shown robust economic resilience in the wake of Katrina and Rita,Jason Schenker
On a national average, we could hit 3.25 at the pump easily, potentially even by this weekend, ... This is going to cut into consumer demand.
Jason Schenker
For the moment, however, we stand by our 5 percent forecast to be achieved by the May Fed policy meeting.
Jason Schenker
OPEC's statements and quota decision announced at the beginning of next week could exert a somewhat bearish impact on prices.
Jason Schenker
Next week is a huge week for data, and it is likely to show continued economic growth and inflation well under control.
Jason Schenker
Massive inventory declines in crude oil are part of a three-month trend, heating oil prices continue their relentless rise, and the supply disruption premium is in full effect. This may only be the beginning the winter oil bull run has begun.
Jason Schenker
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