20 Quotes by John Augustine

There are fears that any supply disruptions could disturb oil markets and such concerns are holding back both economic growth and stock prices. In the absence of any such disruptions, we expect that crude will stay in the $50-$70 range this year and will likely always be on investors' minds.

Many market observers are coming out with the belief that the market will break upward after the election. Such strong consensus views often don't turn out to be a reality.

If the economy is as strong as the Fed is worried about, that's going to mean better corporate earnings.

Just as the brokerages are often a harbinger for things to come in the financial sector, the exchanges will probably fit into that equation of forward- looking financial sector indicators, and they'll revolve around the volume trends.

Overnight, you saw good news coming out of the tech sector and we suspect they are good harbingers of things to come out of the earnings season for the next couple of weeks.

Retailers came out with pretty good reports. One would think we'll see a pretty good retail sales number, and that would give support to the market, absent much higher core inflation numbers.

Markets are now focused squarely on inflation. Will it follow the great growth we've seen and force the Fed's hand to take rates up faster than the market currently anticipates?

Markets are now focused squarely on inflation, ... Will it follow the great growth we've seen and force the Fed's hand to take rates up faster than the market currently anticipates?

What we think occurred is that analysts became too euphoric about earnings expectations at some targeted companies and, unfortunately, they were the first ones to report.