Eric Kuby
Eric Kuby
interest near people rate
I think people feel comfortable that we're near the end of the interest rate (raising) cycle.
corporate double earnings good gotten increase reports supporting thesis variety
We've gotten good reports from a variety of companies, supporting the thesis that corporate earnings are going to increase in the double digits this year.
companies corporate far forecasts hear outlook positive profit reduce remains saying
So far the corporate profit outlook remains positive. I don't hear a lot of companies saying they're going to reduce their profit forecasts because of interest-rate concerns, and that's a positive for the market.
apple coloring current good iran mood negative news political positive seems support turmoil turned week
The political turmoil in Iran turned the mood from positive to negative going into the week and that seems to be coloring people's interpretation of the earnings. My sense with Apple is that in the current mood of the market, no news would have been good enough to support the stock.
anybody beating certainly cold earnings enthusiasm estimates pouring seeing surprise water
We're not seeing anybody really beating earnings estimates and that certainly is pouring cold water on any enthusiasm for an earnings-driven surprise rally.
activity amount bad controlled huge last performance trying
There's a huge amount of activity that is controlled by hedge funds, and they're trying to find some performance after a bad last year.
corporate damaged earnings fuel further hopes market rally reports strong
The hopes that you're going to have strong corporate earnings fuel the market to rally further are significantly damaged by the reports we've had so far.