David Joy
David Joy
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We'll see if Goldman can keep that string going.
america corporate last looks though
They profited from that last year, and it looks as though corporate America is positioned to do the same or more this year.
disconnect growth headline health individual numbers perception relative seems wide
There seems to be a wide disconnect between the headline growth numbers and individual perception about the relative health of the economy.
consumers energy high higher lost oil pay prices though
The persistence of high oil prices can't be lost on the Fed. Consumers have to pay for higher energy even though it's volatile. It is a real cost.
hurricane
We'll see what impact, if anything, the hurricane had on them, and it may be a harbinger.
bloom clearly companies dollar factor far numbers relative rose sales strength tech
Clearly the far more important factor for tech is the relative strength of the economy. It trumps the dollar situation. But if the dollar improves, it does take the bloom off the rose for some of the sales numbers that companies have reported.
clear concerns data economic gains higher interest investors markets oil pushing rates rising scenario support sustained weak
Higher oil prices, concerns about rising interest rates here and in Europe, and weak economic data are all pushing the markets down today. The scenario is not clear enough for investors to support sustained gains in stocks.
burst coming early expect last pattern quite recession tech witnessed
In the early 1990s, we were coming out of a recession and you typically expect a burst of tech spending. That's what we witnessed last year. That pattern is quite analogous.
affected costs either fact fought higher impacts interest markets offset rates result rise
The fact that long-term rates didn't rise in some sense offset some of the impacts of the higher costs of energy. They fought to a draw, and as a result the markets weren't affected by either interest rates or energy.
falling inflation next pressure prices reason rising year
Part of the reason we see inflation rising next year is the dollar. Clearly, there is upward pressure on prices because of the falling dollar.
call democratic direct impact platform proposals stock tax
Some of the tax proposals that are part of the Democratic platform do call for the rollback of dividend tax cuts. That has a direct impact on the stock market.
cap far money move moving stocks
It doesn't take a lot of money moving into these stocks to move them higher. But valuations will put a cap on how far things will go.
ahead immediate itself market optimistic rate sideways
The market got a little optimistic and ahead of itself anticipating the end of rate hikes. The market will churn sideways for the immediate future.
becoming difficult economic evidence gathering strength
The evidence of gathering economic strength is becoming increasingly difficult to ignore.