Jeff Cheah
Jeff Cheah
believes cut dangerous endorse fed inflation might view
If they were to cut rates, it might endorse the view that the Fed believes inflation is not a problem. And that can be a dangerous game.
begin believe federal financial looking markets point question reserve trend
You have to believe the productivity trend is very real, but at one point will it begin to taper off? That's a question financial markets and the Federal Reserve have been looking at very closely.
certainly economy examine fed growing growth inflation maybe pace rate risk seeing telling tells
What all this tells us and is certainly telling the Fed is that maybe we need to examine what the sustainable growth rate really is. The risk is that we have an economy that is growing at a pace that historically suggests we should see inflation pressures, but we're not seeing that yet.
consensus fed feeling general knows report
The report was very confusing. The general consensus feeling is that no one knows what, if anything the Fed is going to do.
conditions data fed labor market monetary overall policy recent rhetoric suggest tight
Overall it does suggest that labor market conditions are very tight still and the Fed probably still has one more tightening to do, because recent rhetoric suggests monetary policy will get more and more data dependent.
bottom call people ready
People are still not ready to call this the bottom of the market.
earnings hear heavy market stuff
So I think that kind of spooked the market a bit, but we're in heavy earnings season, so we're going to hear a lot of that stuff going forward.
bit double point seem showing
We seem to be showing a little bit of a recovery, we were at one point down double digits.
certainly component danger developing economy giddy looks price prices sector showing start
It suggests to us that the manufacturing sector of the economy is still developing at a giddy speed, and the price component looks problematic and is showing price pressure. While there's certainly no danger of hyper-inflation, there are some indications that prices may start to accelerate.
earnings hear market news peak reporting
That kind of news will spook the market and we will hear more of it because we're at the peak earnings reporting season.
consider taking
The TSE has come a long way without taking a breath...so I would consider this healthy.
concern impact major might people rather risk saying stay tech
There is a lot of concern about Cisco's earnings. Rather than risk major disappointment, people are saying it might be better to stay out of the market. And because it is a bellwether stock, Cisco will have an impact on other tech stocks.
associates close coming computer hear heavy likely negative positive reporting saw start surprises
We're coming close to a heavy reporting season. We will start to hear positive or ... more than likely negative surprises like what we saw with Computer Associates earlier.
few good hurdles looks step surface
On the surface it looks very impressive, but we still feel there are a few hurdles that we need to overcome, but we've made a good step at challenging those levels.