The longer the oil prices stay at this level, the more of a weight it puts on the market. That said, unemployment claims reflect the current strength of the economy. But the perception is that the current strength cannot be sustained with oil prices at these levels. As a result, the market is having a hard time making much progress to the upside. -Joe Liro

 

The longer the oil prices stay at this level, the more of a weight it puts on the market. That said, unemployment claims reflect the current strength of the economy. But the perception is that the current strength cannot be sustained with oil prices at these levels. As a result, the market is having a hard time making much progress to the upside.


-Joe Liro
240

Comments

There are not yet any comments on this quote. Why not register / login and be the first?




This quote is just one of 9 total Joe Liro quotes in our collection. Joe Liro is known for saying 'The longer the oil prices stay at this level, the more of a weight it puts on the market. That said, unemployment claims reflect the current strength of the economy. But the perception is that the current strength cannot be sustained with oil prices at these levels. As a result, the market is having a hard time making much progress to the upside.' as well as some of the following quotes.

The longer the oil prices stay at this level, the more of a weight it puts on the market. That said, unemployment claims reflect the current strength of the economy. But the perception is that the current strength cannot be sustained with oil prices at these levels. As a result, the market is having a hard time making much progress to the upside.

Joe Liro

The market was too sanguine about the Fed moving to the sidelines at the end of the year or under a new chairman. They're going to keep tightening until they get a break in the inflation rate.

Joe Liro

The investor will be sensitive to any signs that the sharp spike in energy prices is going to derail the consumer sector, the overall economy and corporate profit growth in the fourth quarter.

Joe Liro

We've had two days of gains to start the year. I think this day is going to be the day for consolidation, and we are in front of tomorrow's payroll numbers.

Joe Liro

The two likely things influencing the market (this) week is the direction of energy prices and the impression that the Fed is going to stop raising rates.

Joe Liro