The waters remain very muddy in terms of the economy, ... Friday's payrolls report made the case that the economy still has some life to it, but it's not clear yet whether the slowdown in March was temporary.
More Quotes from Timothy Ghriskey:
I'd say the biggest concern right now is certainly oil. The gas pump is squeezing the consumer and the consumer is what has kept the economy going.Timothy Ghriskey
The issues that have captured investors' attention over the last few weeks have cooled down, but they're still there. We don't think the market is in a dire situation, but we don't think we're in anything other than a trading range.
Timothy Ghriskey
If you look at today, you've got to say yesterday was a sucker's rally,
Timothy Ghriskey
Overall, the issue for the market right now is oil. Today it seems to be about the events in Nigeria, but with oil it's been just one issue after another lately.
Timothy Ghriskey
The pall of interest rates continues to hang over the market.
Timothy Ghriskey
Oil is certainly dominating the market right now. Yesterday, crude moved above 60 but then pulled back by the close. Today you didn't see that.
Timothy Ghriskey
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