Oil is always a negative factor for the markets and that, combined with lack of economic data, is contributing to a lack of interest in the stock markets this morning. On the bright side, the series of company upgrades is certainly welcome.
More Quotes from Tom Schrader:
We've had a really nice run. I think we need to see a little pullback before we go higher. There's not going to be much in the next two days to change that. Jobless claims tomorrow won't be a market mover. I think we'll probably see a little profit taking the rest of the week.Tom Schrader
Any time a big stock like Honeywell is up 6 percent, that's certainly going to put a positive spin on the market.
Tom Schrader
A slowing Chinese economy would put a damper on commodity prices. People are concerned that slowdown would hurt the global economy.
Tom Schrader
Last week was very busy and I think today there is less impetus to move. There's no earnings news, no economic news until later in the week, and so there's nothing really to move us.
Tom Schrader
The confidence number this morning was abysmal, and that's what shocked the market. The higher oil prices are definitely starting to have an impact on consumer spending.
Tom Schrader
All the numbers we saw this morning were good for the market's purposes. GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.
Tom Schrader
Readers Who Like This Quotation Also Like:
Based on Topics: Economics Quotes, Morning QuotesWhen you don't have kids and you're in a Catholic family - one of my sisters had 10 children in 11 years - she's part rabbit - you feel kind of guilty about that. So, I want to do things for other people's children.
Marge Schott
Sexiness wears thin after a while and beauty fades, but to be married to a man who makes you laugh every day, ah, now that's a real treat.
Joanne Woodward
I knew there was a story; once you find a dog with a fork through it, you know there's a story there.
Mark Haddon