Gail Dudack
Gail Dudack
above economic fed few growth job jobs looks market months north recovery restraint typical
A typical economic recovery will see job growth north of 220,000 new jobs a month. And we've had very few months above that level. So, this job market looks stable, but not robust, and that is what will put restraint on the Fed in 2006.
period
For technology, it's still probably going to be a long period before the turnaround.
catalyst economic economy-and-economics jobs key looking main mix number people recovery
The main catalyst that people are looking at is tomorrow's jobs report. While there's a mix of many things going on in the market, the key thing to an economic recovery is jobs and income. That's why tomorrow's number is critical.
catch directly either fearful flip higher inflation interest lower market rates responding
The market is responding very directly to interest rates as kind of a one-dimensional thing -- fearful of inflation and I think that either higher rates may catch this market in 1997, or the flip side, lower earnings.
caps case continues earnings faith large quality small
The case continues to be made for small caps. I have more faith in the quality of earnings of small caps than large caps.