Really they're companies with consistent price performance, ... In other words, it's better than the S&P and consistent earnings performance.
The price is down some, but it's clear that oil is at a level that raises serious questions about the U.S. economy and earnings going forward.
As long as the price of oil remains above $65 a barrel, investors are going to be very guarded and volume low.
The consumer price index rise was very modest.
The consumer price index rise was very modest. It suggests, as I think many of us have been forecasting, that inflation is in the process of moderating. The good news is investors can feel somewhat more comfortable about monetary policy.
The consumer price index rise was very modest. It suggests, that inflation is in the process of moderating.
It seems so tied to the price of oil, that it's very hard to forecast what stocks will do next. On balance the message of the markets for the last nine trading sessions, including today, seems to have shifted to say that the price of oil is taking a chunk out of consumer spending.