The oil data is giving some support to the stock market, especially given the mixed company earnings that have been released in the past couple of days. Declines in oil prices are always positive for equities. |
The only thing that seemed to really move today was oil. |
The report showed the economy is quite strong and employment costs are rising and that's what the Fed is going to be concerned about. |
The stock market likes M&A activity. |
They're still concerned about inflation. So I think we're in for at least one more rate hike, probably two. But things were put in a much more neutral tone. |
This basically shows that inflation is not really an issue. |
This is probably as good as it's going to get for the stock market any time soon. I don't believe the Fed is actually close to ending the rate hikes. |
Trading volume is dwindling and we are probably not going to see large bets today and tomorrow, and especially after inconclusive economic data. |
With energy prices at such high levels, any decline is very positive. The ease in oil is certainly helping the markets today. |
You are seeing a relief rally. After all the days of selling we've been having, we can finally buy now. |