Jack Ablin
Jack Ablin
leading names phenomenal seen stocks
We've come off a phenomenal July. And we've seen a real reversal in the stocks that were leading the market, with economically-sensitive names doing well.
bad employment happened higher jobs last mean news perceived pickup recession recovery report seen sign throw track year
Any bad news can throw us, and the jobs report was perceived as bad news, seen as a sign that the recovery is fragile, but that's not necessarily true. In the last two recessions, a pickup in employment only happened a year after the recession had ended. So just because unemployment is higher doesn't mean we're not on track for a recovery.
chief corporate growth low strong
When you have strong growth and low wages, the chief beneficiary is corporate America.
bond debate higher market oil prices restraint whether
There has been this continual debate as to whether higher oil prices are inflationary or a restraint on growth. This year, the bond market has signaled that it is inflationary.
active business future longer sector
We're no longer in a buy-and-hold environment. You have to be much more active in sector allocation. That's where the future of this business is going.
growth job mark number previous projected strong
The projected job growth number would mark a pretty strong snapback from the previous month.
cause commit continues error fed financial since time worry
What I worry about is that if the Fed continues to tighten, they could commit the same error they have done every time since 1980 and cause a financial crisis.
options
You have to look at all the options you have available, from A to Z.
backdrop inflation leading market nice subdued
Between leading indicators and subdued inflation expectations, it's really set a nice backdrop for the market today,
although energy fed guidance higher key looking might prices profit rolling signs
But the key here is really going to be guidance. Everyone is looking for signs of the rolling over of profit growth, although not as much as the Fed or higher energy prices might indicate.
bounce clear indication light moves week
With light volume, we're going to bounce around like a ping-pong ball. I wouldn't take any moves this week as a clear indication of anything.
base fear form maybe rally
Maybe now there's enough fear out there to form a base to rally again.
backdrop creating fed four interest last low played
Over the last four years the Fed has played the part of a surrealistic painter, creating a dreamy backdrop with generously low interest rates.
causing fairly investor issues market stock
Fundamentally, I think the stock market is fairly valued, but there are a lot of issues around that are causing investor concern.