We're starting to get into that no man's land of lack of earnings, with most of the SP 500 having reported already. We'll have durable goods orders tomorrow and beyond that, the market is going to have to count on the economic news and the price of oil for drivers.
More Quotes from Tom Schrader:
We had a great run and I think it's time for a little pause as we reflect.Tom Schrader
The consumer confidence (index) this morning was better than expected, and the lack of negative pre-announcements has given people the impression that first-quarter earnings are going to be good.
Tom Schrader
Friday's payrolls number is certainly the week's biggest news, and you may see some hesitation ahead of that.
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
I think people are very worried that this is going to stretch out, particularly if it's close. No one knows who is going to win, or when they will win, and there's still talk of terror activity around the election.
Tom Schrader
Readers Who Like This Quotation Also Like:
Based on Topics: Economics QuotesNever stand and take a charge... charge them too.
Nathan Bedford Forrest
Every man of courage is a man of his word.
Pierre Corneille
Men who care passionately for women attach themselves at least as much to the temple and to the accessories of the cult as to their goddess herself.
Marguerite Yourcenar