Jim Awad
Jim Awad
economic good growth low news pressure takes
It's more news of good economic growth and low inflation. That takes pressure off of stocks.
assessment came confidence either given higher indicative lower market orders problems
The non-manufacturing ISM index came in perfect, with higher orders and lower prices, and that has given the market more confidence to make the assessment that Wal-Mart's problems were either Wal-Mart -specific or retail-sector-specific and were not indicative of problems in the economy.
damaging feared hurricane less oil pressure takes therefore
The hurricane was much less damaging than was feared and therefore oil is declining. That takes the pressure off the economy, so we're getting a knee-jerk reaction.
basis favorable inflation interest market move point points raise rates sound terms view worried
In terms of the Fed, the most favorable move from the market's point of view is if they raise interest rates by 25 basis points and keep the same language. If they raise 25 basis points and sound worried about inflation the market may get demoralized.
digest quarter
We've just come off a very big quarter and so we have to digest some of those gains.
drop oil reaction
What you are getting is a knee-jerk reaction to the drop in oil prices.
costs east giving interest kick labor oil pressures rates reports rising storm
The productivity and labor costs reports abated pressures (over) rising interest rates from the Fed, which is giving a kick to the market. Also, the storm in the East wasn't so bad, so oil pressure isn't bad.
consumer early earnings giving particular questions raise retail sector
Wal-Mart got the traffic, but not the margins, and that will raise questions about fourth-quarter earnings for retail in particular and the consumer sector in general. That's giving you some early caution.