David Joy
David Joy
string
We'll see if Goldman can keep that string going.
change cycle major spending suggest
Things are stabilizing but there is still not a change that would suggest a major new spending cycle in tech.
jobs plays tie
Protectionism plays well if you can tie it to outsourcing and jobs.
death hikes mean rate tech
Rate hikes don't have to mean the death knell for tech spending. Fundamentals are still strong.
both candidates cutting deficits dollar economy equal growing half lowering opposed plan proposing roughly seem
Both candidates seem to be proposing roughly equal deficits over time. Both plan on cutting it in half but doing it by growing the economy as opposed to lowering the dollar amount.
bonds boost clearly consumer flight horizon price producer reports
Bonds clearly got a boost from the flight to safety. But looming on the horizon are the consumer and producer price reports and the CPI is going to be the most important,
attention capture deficit jobs losing question terms trade until
The trade deficit will be couched in terms of outsourcing. If you look at trade itself, it doesn't capture a lot of attention until it spills into the question of losing jobs overseas,
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.
consumer fed financial mounting perception pressures raising stocks vulnerable
Stocks in the financial and consumer discretionary sectors look particularly vulnerable as the perception is that inflationary pressures will keep mounting and the Fed is not done with raising rates.
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.
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.
hurricane
We'll see what impact, if anything, the hurricane had on them, and it may be a harbinger.
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.
assumes bit fed language market might raises situation
You might have a situation where the Fed raises rates, modifies the language a little bit but intends to keep on going. If the market assumes that it's one more and done that might be a misread.