The confidence number this morning was abysmal, and that's what shocked the market. The higher oil prices are definitely starting to have an impact on consumer spending. Tom Schrader
Motivational, Inspirational, Funny Quotes
![If it's 25 [basis points] and the bias is neutral, they're going to sell it off. If it's 50 [basis points] and neutral, they'll sell it off. You'll probably see a smaller bout of selling if it's 50 points, because although that would mean the economy is doing worse than we've thought, it would also signal that the Fed is not going to cut again for a while. - Tom Schrader Quotes](/pic/img/img.php?text=SWYgaXQncyAyNSBbYmFzaXMgcG9pbnRzXSBhbmQgdGhlIGJpYXMgaXMgbmV1dHJhbCwgdGhleSdyZSBnb2luZyB0byBzZWxsIGl0IG9mZi4gSWYgaXQncyA1MCBbYmFzaXMgcG9pbnRzXSBhbmQgbmV1dHJhbCwgdGhleSdsbCBzZWxsIGl0IG9mZi4gWW91J2xsIHByb2JhYmx5IHNlZSBhIHNtYWxsZXIgYm91dCBvZiBzZWxsaW5nIGlmIGl0J3MgNTAgcG9pbnRzLCBiZWNhdXNlIGFsdGhvdWdoIHRoYXQgd291bGQgbWVhbiB0aGUgZWNvbm9teSBpcyBkb2luZyB3b3JzZSB0aGFuIHdlJ3ZlIHRob3VnaHQsIGl0IHdvdWxkIGFsc28gc2lnbmFsIHRoYXQgdGhlIEZlZCBpcyBub3QgZ29pbmcgdG8gY3V0IGFnYWluIGZvciBhIHdoaWxlLiA=&author=ICBUb20gU2NocmFkZXIgICAg&num=8 "If it's 25 [basis points] and the bias is neutral, they're going to sell it off. If it's 50 [basis points] and neutral, they'll sell it off. You'll probably see a smaller bout of selling if it's 50 points, because although that would mean the economy is doing worse than we've thought, it would also signal that the Fed is not going to cut again for a while. - Tom Schrader Quotes")
