Sam Stovall
Sam Stovall
added downward election movement
I think the election added to the downward movement but it really was Dell that started it off.
above appears barrel below elevated equity foremost level market minds per price represents retreats sigh
Foremost on investors' minds is the elevated price of oil. It appears to us that the $40 per barrel level represents a 'line in the sand' above which the equity market retreats and below which the market breathes a sigh of relief.
feeling worst
The feeling is the worst is probably over for tech,
earlier expect investors last looking month next week
That really spooked investors last month and this week they'll be looking for earlier numbers, like the PPI, to see if there isn't anything they can glean on what to expect from the next CPI report.
continue dish higher interest looking people stocks technology
Everyone is looking to dish the technology stocks on higher interest rates, but they continue to show they are not interest-rate sensitive, or at least as much as people would like.
both couple economy-and-economics group involved next sensitive situation sort turnaround
Both are involved in a sort of a turnaround situation with the economically sensitive group and I think at least, over the next couple of months, they'll do well,