Charles Blood
Charles Blood
bit decent earnings economic higher interest pressure putting rates rising
We have decent economic growth, but the Fed's tightening, ... Earnings should be good, but rising interest rates are putting a little bit of pressure on valuation. All that nets out to a higher market, but not every day and every week.
bond data economic increased market oriented past seems several soon stock towards
It seems the stock market is more tuned to the bond market now than it has been in the past several months. As soon as we got oriented towards the bond market, all this economic data increased in significance.
economy economy-and-economics interested markets policy rate
Historically, markets are much more interested in things like how the economy is doing and what interest rate policy is than who is in power.
bit crossed economic economy full inflation markets near news operating potential sensitive
I don't think, even with the economy a bit better, that we've crossed the inflation threshold. But we're operating pretty near full potential and that is why the markets are so sensitive to these economic news events.
beyond certainly conditions earnings economic good likely remain straight
The earnings story is good and is likely to remain very good, and the economic conditions are likely to remain supportive. It's certainly not going to go straight up beyond this period, but I think we're about two-thirds of the way through this correction.
correction expect market overall percent ultimately
We ultimately expect the overall market to be down...and end up with a correction that totals 10 to 15 percent from the peak.
election elections fed likes stay
During an election year, the Fed likes to stay out of the headlines.
history microsoft split stock success
A stock like Microsoft has a history of splitting. It's not the split that makes Microsoft a success. It's the success that makes the split.
history microsoft stock
A stock like Microsoft has a history of splitting,
bull conditions easily excessive fed high instead issue market months rapid six start trees
The trees can go pretty high instead of going to the sky, ... We could easily do another six months of bull market if conditions don't become too excessive and the Fed doesn't become too tight. The issue is how rapid they tighten. If they start doing a quarter-point every six weeks, that's fast. If it's a quarter-point and then nothing for six months that's fine. We can live with that.
earnings
It doesn't matter. Earnings could be doing anything.
caught sort trap
We're caught in a sort of psychological trap here and sometimes to get out you've got to go down first.
lack week
I think they probably should have canceled this week for lack of interest.
bull correction ongoing rather within
I think this is another correction within an ongoing bull market, rather than something more substantial.