22 Quotes by Edgar Peters
- Author Edgar Peters
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Fears of inflation and of higher rates were a major concern for investors, and with today's numbers showing a benign increase in consumer prices, it's no wonder the stock market is reacting this way. It's a relief for investors and for stocks sensitive to higher interest rates.
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People are thinking maybe there was an overreaction to the mad cow issue, and there is a little bargain hunting going on,
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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.
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Some people are beginning to get concerned with the housing market. That is enough to put some pressure on home builders and home-improvement stocks.
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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.
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This basically shows that inflation is not really an issue.
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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.
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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.
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It was encouraging that the Dow managed to stay above 11,000 yesterday, showing some firmness at that level. We may see some weakness linger, but we should overcome it.
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