The market is really waiting for a little relief in terms of interest rates moving higher.
More Quotes from 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
Dell, in terms of the outlook number, (is) definitely pulling down not only that stock but technology in general.
Owen Fitzpatrick
The risk is definitely on the inflation front and its implication for rates.
Owen Fitzpatrick
But there is going to be a little skittishness going into tomorrow.
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
Since it's a quiet day in economic news, I think retail sales numbers are the big story out there today, and they seem to be a little disappointing, especially clothing store sales.
Owen Fitzpatrick
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