Oil prices are under 60, and the sun is shining here in New York, and so it means the Northeast is enjoying pretty comfortable weather and that's probably going to have an influence on oil prices today,
More Quotes from Peter Cardillo:
Normally, with gold surging and the dollar down, you'd see that hurting stocks, but the market is ignoring that today, which is somewhat positive.Peter Cardillo
We're looking at a flat open. Same-store sales came in a little weaker than expected and the jobless claims shows the labor market is quite tight.
Peter Cardillo
I still expect the third quarter to be respectable but that's a thing of the past. But what happens in the fourth quarter (is the question).
Peter Cardillo
The two reports don't constitute a change of direction for the economy, but they are negative enough to make investors feel more cautious about the recovery.
Peter Cardillo
I expect they will stay the line, although the possibility of going from a neutral to a tightening bias has increased.
Peter Cardillo
It's been all over the place today because the volume is low. And in that kind of environment, the market is more vulnerable to pulling back on geopolitical concerns and the weakness of the dollar.
Peter Cardillo
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