Jeff Kleintop
Jeff Kleintop
arm fourth increases individual interest investors people seen shot showing signs week
We've already seen individual investors showing some signs of interest in the fourth quarter, and something like Dow 11,000 just increases that interest. This week could be the shot in the arm people need to really get back in again.
changed last meeting statement
What's disappointing is that after a two-day meeting with a new Chairman, we got a statement that is little changed from the last one.
caught continue data economic expect forth good likely market news pulled range remain trading worry
While today's news is very positive, I think the market is likely to remain caught between very good economic data and the worry that things aren't going to get any better from here. I would expect us to continue being pulled back and forth in this trading range we've been in for most of 2004.
assets buying economy generally gold investors money opposed popular
When the economy is in recession, investors generally put their money into assets like gold, as opposed to buying assets like stocks, ... Gold is much more popular during recessionary times.
doubt energy fall job months next prices
No doubt a fall in energy prices makes his job over the next 12 months easier.
bit data earnings economic fed floor given helping outlook question reports seems solid
Solid earnings reports are helping to put in a bit of a floor in the market. But the sensitivity here to the economic data given the question about the outlook for Fed tightening, that seems to be the overriding influence.
ahead creeping flatter happen keeping later nobody stuff wants year
Nobody wants to get ahead of things. The stuff that could happen later in the year could be creeping into things now, which is keeping us flatter than I would've liked.
coming data good indicate point seems strong suggest
I think we're at a point where the data coming in is good and robust, but not strong enough to suggest things are overheating. The forward-looking data seems to indicate the same.
assume ben clearly coming market might pause reacting saying soon whenever
What he's coming through very clearly and saying is we will probably pause soon but don't assume we're done because we pause. ... But I think the market is just reacting to 'Hey, hey, Ben said we might be done soon'. Whenever you take a little uncertainty out of the picture, well, the market is going to like that.
dividends faster growing period seeing
What's interesting now is we're seeing a period where dividends are growing faster then earnings,
certainly core looking prices
We're certainly looking to see how core (consumer) prices come in.
advance exactly fed good job showing
We got exactly what everyone expected, showing the Fed did a very good job of telegraphing in advance what they were going to do,
beginning fund generally investors market mutual people return shown three today vacant weeks
Today (Wednesday), a lot of people are on the sidelines, but I think generally investors are beginning to return to the market after they were vacant in the first three weeks of the year, ... Mutual Fund inflows have shown that.
aggressive catalyst economic fed key reaction reducing seeing seems soft stocks worries
Once again, we're seeing a reaction to soft economic data. It seems to be the key to reducing worries about how aggressive the Fed is going to be going forward, which seems to be the catalyst for stocks here.