The market is beginning to focus on the rising price of oil. That, in my opinion, has rekindled doubt about what the Fed is going to do.
More Quotes from Peter Cardillo:
The Dow tried twice yesterday to get past 10,000 and failed, but I think it's really just a matter of time. We could see that happen by the end of the year.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
The retail sales are a real blow-out number. They show that economic activity is healthy but they will also ignite fears that the Fed will continue raising interest rates as it takes these numbers as a sign that the economy is still growing strongly.
Peter Cardillo
Obviously, Alcoa really disappointed the market today, ... But we've also had a big run-up since the start of the year, and considering that, I think stocks are holding up pretty well.
Peter Cardillo
It's quite obvious that the market has been rallying for the past four days, hoping for a 50-basis point rate hike by the Fed -- and they (the Fed) did (raise rates that much). This indicates they are ahead of the curve, but now reality sets in and we're in a trading range.
Peter Cardillo
Core rate came in better than market expected, showing that inflation remains tame, ... Good news and the market should react positively, but the Fed will continue to raise rates. A good report.
Peter Cardillo
Readers Who Like This Quotation Also Like:
Based on Topics: Opinions QuotesBased on Keywords: rekindled
People who don't use the tools given to them only injure themselves.
Debra Wilson
He comes to London and gets a job in a nightclub, a gay club, where he's known as Straight Dave by the bar staff - and no one believes he's as straight as he claims to be. He meets the daughter of the club manager, and he has an affair with her.
Neil Tennant
A few regular troops from old France, weakened by hunger and sickness, who, when fresh, were unable to withstand the British soldiers, are their general's chief dependence.
James Wolfe