Charles Lieberman Market Quotations

Overwhelmingly, I think the stock market is taking the view that the economy is doing well despite the rise in interest rates, and they clearly don't think that however much interest rates go up, that it is going to impair growth, or impair profitability.

I think part of what has driven the market today are fluctuations in oil and interest rates and the bond market.

The Fed is not going to be troubled by a small miss (in the CPI). I don't think it's that big an issue, ... They're concerned that a falling stock market could hurt consumers sufficiently to curtail spending. That could be a problem.

Investors worried this morning when the oil inventory report was released, but the market is taking a second look and interpreting the data more carefully now.

The economy is doing a lot better than people recognize and therefore, the Fed may have to hike rates more than they expect. The equity market is fighting the Fed.