Barry Ritholtz
Barry Ritholtz
Barry Ritholtz is an American author, newspaper columnist, blogger, equities analyst, CIO of Ritholtz Wealth Management, and guest commentator on Bloomberg Television. He is also a former contributor to CNBC and TheStreet.com...
NationalityAmerican
ProfessionAuthor
CountryUnited States of America
commodity core effects energy feeling increased matter maybe rate start time
It was a matter of time before the core rate started feeling the effects of increased energy and commodity prices. Maybe it's aberrational but maybe it's the start of something more significant.
awful bad buy earnings great higher ideal issue opposed stocks time
The big issue is decelerating earnings growth. Earnings will still be higher but the ideal time to buy stocks is when earnings go from awful to not so bad as opposed to going from great to good.
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The bond market is far less sanguine about the economy than the Fed is. They are essentially saying we don't see that much strength.
baked coming continue earnings expect few great hike knows next rate seeing stock
Stock valuations have been stretched, everyone knows a rate hike is coming and great earnings are already baked into the stock market, so you're seeing this churning, and unfortunately, I would expect it to continue for the next few weeks.
painful rough round
It's been a rough week, and at the end of the month, a painful round trip,
bar becomes cut easy eventually hurdle lower seen
We've seen expectations cut and cut and cut. When you lower the bar enough, eventually it becomes easy enough to hurdle over.
course digest economic encourage fed gradual maybe meeting news next rate signs skip slow stay
There is a lot of economic news to digest between now and the next meeting. If we see economic signs that are positive, then that would encourage the Fed to stay on the course of gradual rate hikes, but if things slow down then maybe they would skip a meeting or two.
continue dry home interest next rates rise universe year
We very much benefited this year from the still-low interest rates, with the Home Depot's and Lowe's of the world doing well, ... The whole universe of homebuilders and mortgagers did really well, too, but as interest rates continue to rise next year, that's going to dry up some.
bounce few last nice surprising
We've got a nice snapback today. We got shellacked over the last few days, so it's not surprising to see a little bounce back.
bring continue less
When you see a 250-point spurt like that in less than two months, that's not sustainable. What this pullback is doing, and I think will continue to do, is bring us back to a more sustainable level.
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When you stop and think about it, if the Fed were to pause, what does it actually do for anybody ... in the afflicted Gulf region? At this point they're more concerned with basic food and shelter and not really comparison-shopping for mortgages.
cloud dark fed number raising reason stop whatsoever
The only dark cloud to this number is that now the Fed has no reason whatsoever to stop raising rates.
broke bull major market november range run sometime stocks trading
We were in this post-election trading range from November to April, and that broke down, ... The bull market has at least one more major run in it, but I think it's probably going to be sometime over the summer, when stocks get appreciably cheaper.
last nice run straight surprised
We had a nice run last week, but we can't go straight up. I wouldn't be surprised to see some back-and-fill.