Bill Strazzullo
Bill Strazzullo
increases pause plus rate
A pause on rate increases would be another plus for stocks.
backs demand further oil remain stocks trend
Oil is the big theme. As it backs off, demand for stocks will increase. The trend for the indexes remain up, we may see further gains.
attention concern cuts economic economy equity impact last market pay people quarter rate recent revised second stimulus tax though weak weight
The concern with the economy is that the stimulus from the tax cuts and the rate cuts may be fading. People will pay more attention to the recent economic data. Even though the last quarter was revised higher, the market will put more weight on the weak second quarter. This will impact the equity market negatively.
above bullish difficult greater likelihood longer market push sit staying
To me, the longer you sit above $60 a barrel, the greater the likelihood we'll have a push even higher, ... But just staying between $60 and $70 is very bullish for oil. It's going to make it difficult for the market to have much more than one more push upward.