Today we've got interest rates moving significantly lower and that's prompting a rally in equities. The productivity data was the main impetus.
More Quotes from Stephen Massocca:
There was a lot of hope that we would see a break in oil.Stephen Massocca
The primary focus of the markets right now is when and if the Fed will stop raising interest rates, to the point that equities are rallying right now with crude oil almost at 65 a barrel.
Stephen Massocca
Long-term interest rates are moving higher, which is eventually going to hamper the market. Although you've got oil down today, there were hopes that it would be sustained in the 50s, and that hasn't happened.
Stephen Massocca
The market is still very concerned about interest rates and is going to be extremely sensitive to any information that points to interest rates going higher.
Stephen Massocca
It looks like the tech rally has had a little hiccup. It will take markets lower tomorrow across the world.
Stephen Massocca
Readers Who Like This Quotation Also Like:
Jewish fundamentalism is teaching that Jews can fight with guns and with civil war, against being relocated off the West Bank, and disobey the orders of their government. That is the call to jihad, to several kinds of jihad.Arthur Hertzberg
The word is the Verb, and the Verb is God.
Victor Hugo
I talked to ex-wives of musicians of the '70s for research. They're the funniest people in the world, yet there is this sad, beautiful thing in their eyes that says they've seen more than they could ever possibly tell you.
Kate Hudson