Joe Sunderman
Joe Sunderman
consumer continues crude dominate economy high impact interest near oil prices remain term worries
Oil continues to dominate trade, with crude at or near the highs. Worries remain about how high prices over the long term will impact consumer spending, the economy and interest rates.
days far gains good hold market thus together
I think it's good that thus far the market has been able to put back-to-back up days together and to hold on to those gains today.
december influence late looking maybe near news people recently surprising
The Cisco news isn't that significant, but maybe it's enough to influence people who were looking to get out. The S&P 500 had recently been right near its late December highs, so it's not too surprising to see this consolidation.
january market profit seeing since today
The market has had a respectable run-up since its January 24 lows, and today you're seeing some profit taking.