If the number had been too strong, people would translate into the fact that the Fed would have to raise rates over a longer period of time.
More Quotes from Owen Fitzpatrick:
Tech is once again leading the market there's definitely money flowing into the sector. There's the belief that the corporate spending cycle is going to pick some steam.Owen Fitzpatrick
Growth going forward is becoming the big issue for stock investors. Things are still OK on the earnings front, but some companies are beginning to be more conservative with their guidance.
Owen Fitzpatrick
Inflation is once again confirmed to be not much of a concern and well under control outside of the energy sector. That's helpful. It takes a little bit of pressure off the possibility of the Fed going much beyond another two rate increases,
Owen Fitzpatrick
The market is really waiting for a little relief in terms of interest rates moving higher.
Owen Fitzpatrick
In general it's going to be that type of week where the number of the day dictates the market.
Owen Fitzpatrick
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