All indicators are pointing to strong economic growth. That's got people excited, especially in an environment of high commodity prices.
More Quotes from Larry Peruzzi:
It's a number kind of closely watched by the Fed. It's a big factor in the rate decision-making, so the fact that it came in line is a positive trend.Larry Peruzzi
The increase in oil prices as trading started this morning took away all the incentive to buy stocks. With oil going up again and a Fed meeting tomorrow, investors are being very cautious. Demand today has dried up.
Larry Peruzzi
This morning, the market tends to be looking past that a little bit.
Larry Peruzzi
If we saw a milder winter, or a reduction in energy prices and commodity prices, that will certainly increase the consumers' discretionary income and spur interest in retail stocks. Retailers need to be more creative in figuring out ways to bring consumers back into the stores.
Larry Peruzzi
The outlook for technology companies remains strong and demand for shares in the sector helped lift stock indexes late this afternoon.
Larry Peruzzi
Consumers are beginning to feel the impact of higher oil prices in their pockets. Less confidence means less spending and no wonder we have been seeing shares of retailers and banks faltering.
Larry Peruzzi
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