13 Quotes by Stephen Massocca

The primary focus of the markets right now is when and if the Fed will stop raising interest rates, to the point that equities are rallying right now with crude oil almost at $65 a barrel.

Large parts of the market have done well away from Microsoft, although it is driving both the Dow and Nasdaq Composite lower because it is such a large part of both indices.

Long-term interest rates are moving higher, which is eventually going to hamper the market. Although you've got oil down today, there were hopes that it would be sustained in the 50s, and that hasn't happened.

Today we've got interest rates moving significantly lower and that's prompting a rally in equities. The productivity data was the main impetus.

We've got a fairly nice rally going and I don't see any reason why it would discontinue at this point.

There was a lot of hope that we would see a break in oil.

There's a lot of issues and questions in front of the market, but I don't think there's going to be an easy resolution to any of them, or a quick resolution. I think a lot of people are frozen until they get a better idea of what it all means.

It's a continuation of the rally we've had from earlier in the week, which was prompted by the release of the Fed notes. Today's lower-than-expected employment numbers have continued the rally.

It looks like the tech rally has had a little hiccup. It will take markets lower tomorrow across the world.