Owen Fitzpatrick
Owen Fitzpatrick
terms
Oracle, in terms of earnings, is influencing the market.
becoming beginning companies earnings forward growth issue ok stock
Growth going forward is becoming the big issue for stock investors. Things are still OK on the earnings front, but some companies are beginning to be more conservative with their guidance.
clothing economic numbers quiet retail sales seem since store
Since it's a quiet day in economic news, I think retail sales numbers are the big story out there today, and they seem to be a little disappointing, especially clothing store sales.
greenspan huge issue people remember
Productivity has been this huge issue for the market, and people remember Greenspan highlighting it in the 1990s.
care cost energy health helps terms trading
Energy is trading off a bit, and I think that helps the other sectors in terms of it alleviates a cost for a lot of companies. Health care is doing well on the back of Bristol-Myers news, and also Boeing (is) getting another order.
positive raise rates time
Things have slowed down, but it's still positive growth. We think they'll raise rates tomorrow, and one more time before year-end.
definitely front inflation risk
The risk is definitely on the inflation front and its implication for rates.
again belief corporate cycle definitely flowing leading money pick spending tech
Tech is once again leading the market; there's definitely money flowing into the sector. There's the belief that the corporate spending cycle is going to pick some steam.
comments concern fed
There was a little concern over some of the comments made by one of the Fed presidents.
buying door late opened surprising
There was nothing surprising in the speech. That opened the door for a late buying opportunity.
definitely outlook pulling stock technology terms
Dell, in terms of the outlook number, (is) definitely pulling down not only that stock but technology in general.
fact fed longer number people period raise rates translate
If the number had been too strong, people would translate into the fact that the Fed would have to raise rates over a longer period of time.
again beyond bit concern confirmed control energy fed inflation outside pressure rate takes
Inflation is once again confirmed to be not much of a concern and well under control outside of the energy sector. That's helpful. It takes a little bit of pressure off the possibility of the Fed going much beyond another two rate increases,
dictates general number type week
In general it's going to be that type of week where the number of the day dictates the market.