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The drop in February orders is probably "setting the stage for a pullback in output in March, especially since inventories began to rise rapidly in February," said Jade Zelnik, chief economist at RBS Greenwich Capital in Greenwich, Conn.
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Increased production and a pullback in demand should keep gas prices from spiking.
We are expecting a pullback in equity indexes".
[So] there is potential for a pullback in ITV.
That could lead to a pullback in prices.
"We are seeing a pullback in commodity-related stocks".
"A pullback in February was to have been expected," he said.
"We're probably due for a bit of a pullback" in prices, he said.
So it is fair to assume some investors expect a pullback in the market this quarter.
A pullback in energy stocks as oil prices sank to two-year lows also hurt.
Despite the recent gains for stocks, Ralph Fogel of Fogel Neale Partners said it was about time for a pullback in the market.
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