22 Quotes by Owen Fitzpatrick

Tech is once again leading the market; there's definitely money flowing into the sector. There's the belief that the corporate spending cycle is going to pick some steam.

Productivity has been this huge issue for the market, and people remember Greenspan highlighting it in the 1990s.

Dell, in terms of the outlook number, (is) definitely pulling down not only that stock but technology in general.

There was nothing surprising in the speech. That opened the door for a late buying opportunity.

Economic growth has been modest but positive, but what does it mean in terms of Fed action? Too strong of data is almost going to be viewed as a negative, especially if it's showing an overheated economy.

The consumer price index was not a bad number at all. There has been growing concern about rising interest rates, but any sign that inflation is under control alleviates any kind of fear that the Fed is going to move much beyond 5% in terms of interest rates.

Inflation is once again confirmed to be not much of a concern and well under control outside of the energy sector. That's helpful. It takes a little bit of pressure off the possibility of the Fed going much beyond another two rate increases,

In general it's going to be that type of week where the number of the day dictates the market.

If the number had been too strong, people would translate into the fact that the Fed would have to raise rates over a longer period of time.