Depending on what day it is we focus on earnings, we focus on the Fed. We have to get the Fed behind us before we really pick a direction. I think that direction will be higher, but not until next Wednesday. |
During earnings, we're often in a trading range, and I think we still are right now. We've got 100 members of the S&P reporting this week, a lot of economic news and the Fed tomorrow, so for the market to go sideways a bit is not a bad thing. |
Fifty-two percent of the households in America are invested in the U.S. stock market and they want to invest in the things that had 70 percent growth last year, ... As long as the money keeps flowing into equity mutual funds and they are targeted toward Nasdaq stocks, we are going to see this go on for a while. |
For the last two weeks, the market has been focused on the Fed. That's still the case today, and it's going to be the case Monday too. |
For two weeks we've been concerned about earnings, energy prices and the euro, |
For two weeks we've been concerned about earnings, energy prices and the euro. |
hasn't been baked into the market yet. |
He's been very clear. The Fed may take a pause for a month or two, but that doesn't mean it's the end of the rate hikes. |
Hewlett-Packard didn't please us with its results, and neither did Cisco yesterday, |
Historically, six to nine months after rate cuts, the economy stabilizes and starts to swing in the other direction, ... But a lot of things are different this time. The Fed came off an aggressive tightening mode, and there's a global economic slowdown. It's just going to take a while longer this time. |
Historically, six to nine months after rate cuts, the economy stabilizes and starts to swing in the other direction. But a lot of things are different this time. The Fed came off an aggressive tightening mode, and there's a global economic slowdown. It's just going to take a while longer this time. |
Historically, the market has tried to move four months ahead of an economic recovery. |
I definitely think the hottest sector going forward will be technology, telecom and financials, |
I don't think it's anything other than profit taking. They really had a great two-week period. |
I don't think that's what happened here, I think that will be more of a fourth-quarter issue, ... I do think we'll see some backup in consumer discretionary spending. That's something we're going to be listening to on 4Q estimates. |