Larry Peruzzi
Larry Peruzzi
applied data market normal numbers oil positive rally reaction stock trigger volatile
In a normal week, these numbers would be positive enough to trigger a rally in stocks. But with the two hurricanes, oil data has become very volatile and the same has applied to the stock market reaction to the data.
came closely factor line number positive rate watched
It's a number kind of closely watched by the Fed. It's a big factor in the rate decision-making, so the fact that it came in line is a positive trend.
performer shock stellar territory
It's more of a shock factor. It's been a stellar performer and a leader. This is kind of new territory for them being this cautious.
commodity economic environment high people pointing strong
All indicators are pointing to strong economic growth. That's got people excited, especially in an environment of high commodity prices.
fed feeling further hikes market rate react waiting
Boy, we've been waiting for this. The feeling is that the market does not need further rate hikes and that the Fed will react accordingly.
closer
We're closer to US$80 (a barrel) than to US$70, and that's kind of discouraging.
basically bit continues key lower resistance row second slightly unchanged
We're slightly lower to unchanged basically for the second day in a row after a little bit of a rally. That 11,000 continues to be a key resistance area.
companies demand helped late lift outlook remains sector shares stock strong technology
The outlook for technology companies remains strong and demand for shares in the sector helped lift stock indexes late this afternoon.
lately volatility
What we're having lately is a lot of volatility in the market. There's a fixation with the Fed.
borrowing coming companies earnings energy exposure higher
When we see the earnings coming across, you're really going to look to the exposure that these companies have to higher energy and higher borrowing costs.