We are in a bit of a vacuum with the long three-day weekend coming up. Tomorrow will be a vacuum kind of day.
More Quotes from Larry Wachtel:
Suddenly these inflation figures have a psychological impact.Larry Wachtel
There's a cautious backdrop (on Wall Street). We're heading to that glide path toward the Fed meeting. I think there has been a gravitation toward the cyclical stocks and away from the blue chips. And I think we'll continue to see movements into the papers and the metals.
Larry Wachtel
Earnings statements will make or break the market this week. I'll be watching the reports coming from some of the technology names, because I think that sector may lead the way this year.
Larry Wachtel
We're completing the first quarter now, but we're still getting data from the fourth quarter. This is old news. I fail to see what relevance this will have for the market today.
Larry Wachtel
We knew deep down there was some good news in the bottom line, but we were beginning to have our doubts.
Larry Wachtel
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