Jeff Kleintop
Jeff Kleintop
company compelling finding huge leader sector tech
It's not a sector play. There's no real huge leader like tech was in the '90s. It's about finding the right company with a compelling story.
above break despite fed finished good level light looks market raising ready seen until volume
Technically, the market still looks pretty good despite the light volume we've seen this week. But we're probably not ready to break out above this level until we get a better read on when the Fed is going to be finished up raising rates.
appear bleak certainly consumers corporate headed perhaps profits spending warning
Consumers still do appear to be spending their (tax) rebate checks, but perhaps not as aggressively as we would have hoped. Certainly corporate profits still look pretty bleak headed into the third-quarter warning season.
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,
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.
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.
doubt energy fall job months next prices
No doubt a fall in energy prices makes his job over the next 12 months easier.
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.
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.
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.
change might people
Not as much is going to change as people might think.
bit fed report strike strong
It may be a little bit of a buyers' strike ... if we do get a strong (payroll) report tomorrow, it suggests the Fed is going to have to be more aggressive.
company compelling finding
It's about finding the right company with a compelling story.