Barry Hyman
Barry Hyman
action earnings hard market narrow negotiate pick stable stronger today trend trying
Trying to pick a trend in this market is impossible. Friday's action was anemic, and today there's anticipation of a stronger earnings season. Other than short-term traders, it's hard to negotiate a market that is so narrow in range. We're at least stable for now, but there hasn't been a trend for over a month.
appear break economy fed good impact measure percent picking point raising rate start
We think 3.5 percent is a good point for the Fed to take a break to measure the economy and the impact of its rate hikes. If the economy does appear to be picking up, they could start raising again.
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The market is going to want to see in those numbers some clues that the PC market is picking up post-Y2K.
commodity complexes decline huge last looks picking require rotation taking work worse
This is a continuation of last week's decline and it's picking up in intensity. There is little rotation as we see the commodity complexes taking a huge hit. It looks worse than it actually is, but still it will require a lot of work technically to right the damage.
beyond concern concerns earnings energy goes guidance high lack leading market pick poison prices remain tech today
You can pick you poison today from anywhere. The earnings concern and lack of guidance for 2006 concerns tech players. But the story goes beyond that to energy pricing, which is still a 2005 perspective. Once again, energy is the leading sector. As long as energy prices remain high the market should suffer.
august bit friday gave hike likely number
The PPI number on Friday gave us a little bit of a hint that there most likely will be a hike on August 24th, but that'll be it,
announcing company corporate major positive
When you have a major company like GE boosting its dividend and announcing a big buyback, that's very positive for corporate America,
constant exhibit market negative news opportunity
Without having that constant barrage of negative news, there is the opportunity for the market to exhibit some strength.
commentary expected percent quarter seems
With an expected quarter percent rise, the commentary seems a little more hawkish than expected.
course earnings ignore potential
You have to ignore that because they're of course going to be bad, ... You have to look at earnings potential, and cyclicality stocks, I'll go for International Paper.
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You have a market on eggshells. The stories that make the rounds are being treated as sell first and then worry about whether they're true.
avoid backbone bank believe clear companies cyclical earnings fed good growth looking means people provide retail security slowing stability stocks technology toward
You have to be careful. There are not many sectors that are doing well out there. This is a slowing economy. People are looking for security of earnings. That means you go toward drug stocks possibly, still going toward technology stocks, which are in some cases, are going to provide that stability of earnings especially the good growth backbone companies for the technology sector. Avoid cyclical stocks, avoid retail stocks. Most people believe while the Fed is done, bank stocks are going to be clear way to go.
economy-and-economics higher implies interest strong
Better-than-expected LEI implies a strong economy. It also implies higher interest rates.
against catalyst environment express related ruling though tough travel visa
Even though it's a tough environment for travel related stocks, the catalyst for American Express is going to be the ruling against Visa and MasterCard. It's a very significant positive.