Jason Schenker Report Quotations

The stock market is reacting to the strong earnings reports we've seen earlier today. But sooner or later, companies may have to start passing through the increase in energy costs or be hurt by it.

The retail sales report was the most significant piece of data we had in weeks and that certainly had the stock market going. It points to a solid first quarter, with earnings growth.

The most disconcerting part of the PPI report today was the rate of final core producer price pressures in January.

I don't think the energy prices that have only gone up since this report are some transitory aberration,

Supplies are pretty lush. Once this report is digested we should see a big decline in prices. The geopolitical concern and economic growth are still there in the background supporting prices.

Such a strong report by a financial institution has to help others in the same sector. Rates have been rising but gradually, which gives some banks opportunity to adjust.

One of the biggest hurricanes ever is headed for the heart of America's refining capacity. Prices will hit new records if we get reports of flooding and other destruction once the storm passes.