A 70-degree weekend in November helps to dampen sentiment on energy stocks and it makes for a quietly better market. When the weather gets a little cooler, it changes people's psyches and they will warm up to energy stocks. |
A lot of people are viewing the rally in the Dow as being a little suspect. We've got a lot of earnings coming out this week, which would increase volatility. |
He submitted claims on behalf of numerous individuals, |
I think the market may focus on the gasoline numbers, which showed much bigger numbers than were expected. Eventually I think they're going to turn out to be negative for commodity prices and will probably weigh on energy stocks as well, |
I would have thought the big telecom deal announced would have brought a little more positive tone for the market, but people are trying to figure out how to play it. You do have a little softer tone in commodities after energy prices rallied on Friday. |
Investors are searching for sectors or groups that have not participated in the recent rally. Tech stocks have certainly been left behind by things like energy. |
It's certainly not a positive. |
It's just continued extreme volatility. |
It's the impression that the series of interest rate rises are nearer the end than the beginning, and people were bored after last year with the market flat on the year. |
Oil is strong and that is helping oil companies, but it is surprising the broader market is as strong as it is, given higher oil prices. |
Once the stocks do start to go (higher), a lot of people are going to feel like they missed the boat and be forced to scramble after some of these names. And that's what begets rallies. |
The apparent concern is that Wall Street would view such a move in a negative light, and cruise leaders are trying to (downplay) the long-term impact that rising fuel costs are having on their business. |
The best thing for the market this morning is probably the fact that gas and crude oil are retreating. |
The Boeing stock was out of favor for a long time. I think people are still kind of searching for stocks that may have been undiscovered and overlooked, and Boeing is one of them. |
The data that stands out is the gasoline inventories, which are up more than twice what was expected. The initial reaction is a little negative due to huge increase in gasoline. |