The durable goods number will matter more to industrial stocks like Boeing and Caterpillar. People want to see if the growth in this sector is continuing, but they don't want it growing so fast that it will scare the Fed.
More Quotes from Robert Pavlik:
If Cisco can start to bring their business around and have a good report after not doing very much of anything for the last year and a half or so, I think that just brings a better feeling to a bit of an oversold market. The Pepsi report helped a little bit and McDonald's sales performance.Robert Pavlik
The earnings news has given us a little confidence and there was good news on the economic with durable goods orders and jobless claims coming in a little better than expected.
Robert Pavlik
There was some profit-taking today as there was a lack of catalysts to get buyers to step in. Buyers are waiting for the market to be a little more attractive. There's not much in way of economic reports for the rest of the week. Geopolitical concerns, the price of oil and earnings reports will be driving us.
Robert Pavlik
This is a volatile report, yet it garners attention because it provides insight as to how the consumer feels, which is all-important right now. A low reading due to higher oil prices may negatively impact retailers.
Robert Pavlik
People attribute the strength in new-home sales to the warm winter, and the market wants to see that trend continue. If new-homes sales drop too much then the talk of the housing bubble popping will get louder and will scare the market.
Robert Pavlik
The market, especially the bond market, will view the report as negative since it will likely mean that we are facing at least two more increases in interest rates by the Federal Reserve at both the March 28 and May 10 meetings.
Robert Pavlik
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Based on Topics: People QuotesAs for the promotion of peace congresses we have had our meetings and assemblies, but the promotion through them of the determined and effective will to peace displaying itself in action and policy remains to be achieved.
Lester B. Pearson
After people have repeated a phrase a great number of times, they begin to realize it has meaning and may even be true.
H. G. Wells
Burning dinner is not incompetence but war.
Marge Piercy