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
china demand energy home including interest low unusual
If you look at which sectors have done particularly well this year, including home builders, mining, energy, other commodities, they have done well because of unusual factors, ... such as the still historically low interest rates, which are already rising, or demand from China for commodities.
blame cranking estate fed gets inflation interest market raising somewhat stops
If the Fed stops raising rates, the market will blame them if inflation gets too hot, and if they keep cranking up interest rates, then the real estate market is at risk. It's a somewhat challenging environment.
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.
good juice looking market order
I'm looking for really good earnings, and I don't know that it's going to juice the market all that much. In order to go significantly higher, what's the catalyst?
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.
bond economy economy-and-economics far fed less market saying
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.
biggest capital danger economic employment faces fed figures jack modest quickly rates since
The Fed doesn't have to jack up rates really quickly since other economic indicators are softening. Capital expenditures are modest and employment figures are anemic, so the biggest danger the Fed faces is smothering the recovery.
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.
anyone week
Anyone who can get away for the week does, and you end up with skeletal staffs.
fed fork proverbial
The Fed is now at the proverbial fork in the road,
across contrary head inflation people rearing
We see inflation rearing its head across the board. Contrary to what a lot of people have been saying, it's not just energy.
across board coming despite earnings fourth function good issue problem quarter statements stocks
Earnings have been coming in across the board pretty good, but the problem hasn't been earnings. The issue is the forward-looking statements for the fourth quarter or 2006. Despite good numbers, you see some stocks getting punished. It's a function of the outlook.
confident few gains major next percent session
We need to see a confirmation in the next few weeks. We need another session of gains of 1 to 2 percent for all the major indexes before I'll be confident that this is a bottom.