Today was a relief rally it was an oil-price relief story. Oil prices are still very high, but much more moderate than the worst fears of last week.
More Quotes from Lynn Reaser:
We expect the 12th consecutive increase in the target fed funds rate and really no change in the tactics deployed in recent meetings.Lynn Reaser
Overall inflation remains quite benign. Companies selling to consumers and businesses have limited pricing power.
Lynn Reaser
But we do believe there is a light at the end of the tunnel.
Lynn Reaser
We could very much be close to the peak at this time.
Lynn Reaser
The news makes people nervous about corporate management.
Lynn Reaser
If a company is mute, they (investors) often sell because of the uncertainty. Go back and start looking at fundamentals.
Lynn Reaser
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