Stephen Massocca
Stephen Massocca
continued earlier employment fed numbers rally release
It's a continuation of the rally we've had from earlier in the week, which was prompted by the release of the Fed notes. Today's lower-than-expected employment numbers have continued the rally.
across looks lower markets rally tech tomorrow
It looks like the tech rally has had a little hiccup. It will take markets lower tomorrow across the world.
continued crude decline easy major market reason viewing
The continued decline in crude -- that's probably the major reason why the market is rallying. It's a very easy way to look at how the market's viewing international tensions right now.
although both driving large lower market parts
Large parts of the market have done well away from Microsoft, although it is driving both the Dow and Nasdaq Composite lower because it is such a large part of both indices.
break hope
There was a lot of hope that we would see a break in oil.
concerned extremely information interest market points rates sensitive
The market is still very concerned about interest rates and is going to be extremely sensitive to any information that points to interest rates going higher.
although eventually hamper hopes interest moving oil rates sustained
Long-term interest rates are moving higher, which is eventually going to hamper the market. Although you've got oil down today, there were hopes that it would be sustained in the 50s, and that hasn't happened.
easy front frozen issues people questions quick resolution until
There's a lot of issues and questions in front of the market, but I don't think there's going to be an easy resolution to any of them, or a quick resolution. I think a lot of people are frozen until they get a better idea of what it all means.
affect bite continue equity face higher ignore interest market oil rates strong
The market has been surprisingly strong in the face of higher interest rates and higher oil prices. If this continues, will the market continue to ignore it? I think not..that's going to bite and that will affect the equity market at some point.
fairly nice rally reason
We've got a fairly nice rally going and I don't see any reason why it would discontinue at this point.
data interest lower main moving rally rates today
Today we've got interest rates moving significantly lower and that's prompting a rally in equities. The productivity data was the main impetus.
almost crude fed focus interest markets oil point primary raising rallying stop
The primary focus of the markets right now is when and if the Fed will stop raising interest rates, to the point that equities are rallying right now with crude oil almost at $65 a barrel.