Oil prices have backed over 22 here. And I kind of think that this is what is probably going to give a bumpy ride for the next several week to the bond market.
More Quotes from Peter Cardillo:
I think what happened yesterday and Monday was a wake-up call for investors,Peter Cardillo
Across the globe there are a lot of problems out there. Putting pressure on the markets is the situation between India and Pakistan , gold is up on that news. Also, weakness in the dollar reflects nervousness in the financial markets.
Peter Cardillo
Obviously, we are not going to see some substantial gains, but I think we will be able to retrace some of these losses by the end of the week.
Peter Cardillo
Sales ex-autos was almost equal to the top-line number, so consumers really are out there spending.
Peter Cardillo
Obviously it negates the theory about Dow 1,000. What (the new milestone) tells us is people have a lot of confidence. Money is still flowing into the United States despite some question marks about inflation. Nothing has changed.
Peter Cardillo
This trade deficit news certainly points in the direction that the U.S. economy is slowing.
Peter Cardillo
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