Jim Awad Market Quotations

In terms of the Fed, the most favorable move from the market's point of view is if they raise interest rates by 25 basis points and keep the same language. If they raise 25 basis points and sound worried about inflation the market may get demoralized.

The market is caught between good quarterly reports, such as the one from Disney, and the reality of company guidance for future earnings that is far from stellar.

The non-manufacturing ISM index came in perfect, with higher orders and lower prices, and that has given the market more confidence to make the assessment that Wal-Mart's problems were either Wal-Mart -specific or retail-sector-specific and were not indicative of problems in the economy.

You started the day with some negative influences. The market was spooked by interest rates worldwide, and there was a very mixed reaction to Texas Instruments.

The stock market welcomed both the CPI report and the decline in oil prices. The Fed can't justify too many rate increases with mild inflation.

If they raise 25 basis points and sound worried about inflation the market may get demoralized,