Barry Hyman
Barry Hyman
brings catalyst earnings economic good growth inflation marked market moving needs next point sector until week worrying
There's going to be this flip-flop next week and continually until we get through earnings season, going from earnings to worrying about the economic slowdown and what inflation brings so I think next week is going to be marked by that. We're getting to the point where the market needs good earnings. It needs to have a catalyst to get the growth sector moving again.
aggressive brings continued cuts cycle deep economy fed four help interest question rate road
There's no (economic) stabilization yet, but it now brings the possibility of continued aggressive Fed moves. We're four cuts deep into an interest rate cycle and we're going to get a fifth. That's going to help the economy down the road -- it's not a question of 'Will it?' but it's a question of when.
coming defensive fearful longer market opportunity people season style until
There's more of a defensive style coming into the market. People are going to look for the opportunity to be in the market during this (results) season and will look at more defensive investments until we get through pre-releases. I'm no longer fearful of earnings, I'm fearful of the pre-releases.
beat earnings estimates trend
The trend with the earnings has been that if you beat the estimates strongly, you get rewarded, but if you miss, you get hammered.
continue driven happen market rally whether year
The traditional year-end rally didn't happen this year and the 'January Effect' doesn't look like it's going to occur. This is just a wait-and-see market right now that will continue to be driven by important catalysts, whether geopolitical or earnings-based.
advance although china develop economic ended fears happened late remains risk volume warning
We ended up OK, although most of the advance happened late in the day on the China warning and the volume remains light. There was the risk of new stagflation fears to develop out of the economic news, and that didn't happen, which was another positive.
growth
We do think growth is going to be the place to be again,
ahead attractive beginning believe cap companies enter fairly growth horrendous levels longer market measured next phase starting three tough view
We're not at the beginning of a decline. We don't believe you're about to enter another horrendous down phase in the market measured by the Nasdaq. We think there are some tough times ahead over the next one to three months. But if you take a longer view of that, many of these companies in the Nasdaq big cap are starting to come down to levels that look fairly attractive on a growth basis.
bond feeling fine headed heading interest key looks market rates starting street struggling technical wall
The 10-year bond looks like it's headed higher, so I think the feeling is starting to pervade Wall Street that economy's fine and interest rates are heading higher. But the market has (also) been choppy and struggling with some key technical levels.
conviction fed growth performing stories today
Most of the growth stories are not performing today and that is how we'll go into the Fed meeting. There's still very little conviction in the market.
against case company compared extremely lost reported sector since stock trading weak
(Microsoft) has been trading like the company (had already) lost the antitrust case against the government. The stock has been extremely weak compared to its sector and especially since the company has already reported earnings.
change dramatic forward hikes hurt looking people rate statement
I think people are looking forward to the end of rate hikes and if there's no dramatic change in the wording of the statement tomorrow, that could hurt the market.
abandoning companies count economic estimates half happening looking match missed people point reality second wrong
I think people are just abandoning technology, especially when you can't count on a 'Nokia' that hasn't missed (expectations) in years. The point is that there's nothing wrong with these companies - what's wrong is that analysts were not looking at the second half of the year. What's happening now is estimates are going to come down to match the reality of the economic situation.
confusion determine economy growth whether year
It doesn't really determine that this year is going to be a down year. What it really indicates is the confusion over whether we're in a growth economy or not.