21 Quotes by Robert Pavlik
- Author Robert Pavlik
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There was some profit-taking today as there was a lack of catalysts to get buyers to step in. Buyers are waiting for the market to be a little more attractive. There's not much in way of economic reports for the rest of the week. Geopolitical concerns, the price of oil and earnings reports will be driving us.
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This is a volatile report, yet it garners attention because it provides insight as to how the consumer feels, which is all-important right now. A low reading due to higher oil prices may negatively impact retailers.
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It's headed in the right direction. But we need to get past all this Treasury refunding.
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It's headed in the right direction. But we need get past all this Treasury refunding.
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In the initial planning, I was the main representative in the forming of learning centers and principles that could be incorporated into the Pier Wisconsin center.
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If Cisco can start to bring their business around and have a good report after not doing very much of anything for the last year and a half or so, I think that just brings a better feeling to a bit of an oversold market. The Pepsi report helped a little bit and McDonald's sales performance.
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The market, especially the bond market, will view the report as negative since it will likely mean that we are facing at least two more increases in interest rates by the Federal Reserve at both the March 28 and May 10 meetings.
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The market being at these higher levels draws interest in and of itself.
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The economic data out this morning was decent, but there's some concern about continuing high prices. Oil may be pulling back, but oil stocks are still pulling the market down. It hasn't gotten overdone, but we've still got profit-taking today. We don't have any catalysts yet so we'll ride this out.
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