Larry Peruzzi Quotes (10 Quotes)

In a normal week, these numbers would be positive enough to trigger a rally in stocks. But with the two hurricanes, oil data has become very volatile and the same has applied to the stock market reaction to the data.

Consumers are beginning to feel the impact of higher oil prices in their pockets. Less confidence means less spending and no wonder we have been seeing shares of retailers and banks faltering.

We need to see a decent number of earnings coming through with good numbers before we see the market able to hold a rally.

It's a number kind of closely watched by the Fed. It's a big factor in the rate decision-making, so the fact that it came in line is a positive trend.

All indicators are pointing to strong economic growth. That's got people excited, especially in an environment of high commodity prices.

If we saw a milder winter, or a reduction in energy prices and commodity prices, that will certainly increase the consumers' discretionary income and spur interest in retail stocks. Retailers need to be more creative in figuring out ways to bring consumers back into the stores.

The increase in oil prices as trading started this morning took away all the incentive to buy stocks. With oil going up again and a Fed meeting tomorrow, investors are being very cautious. Demand today has dried up.

This morning, we were able to sustain momentum somewhat off of some good earnings reports. But the pattern still hasn't broken entirely that people are looking to sell into the rallies. The concerns continue to be inflationary.

This morning, the market tends to be looking past that a little bit.

The outlook for technology companies remains strong and demand for shares in the sector helped lift stock indexes late this afternoon.