Jim Paulsen
Jim Paulsen
knew
Even at the open, we knew it was just going to be Libby, and if nothing else, at least the uncertainty is gone.
absorb ahead assessment continue economy higher investors jobs might next pause rise solid stocks week
We might see a little pause for assessment on stocks next week ahead of the jobs report. From now on, stocks will rise only if investors continue to believe, just like the Fed, that the economy is solid and may absorb higher rates.
cheaper continued earnings faster growing stock
Earnings have been growing faster than stock prices. We've continued to have a cheaper and cheaper market.
consistent fairly fed number price running theme tied
There's a fairly consistent theme running through all of the markets, which is tied to the idea that the Fed is nearing the end of the tightening cycle. It was the combo that the Fed's done and the import price number was down.
came catalyst caused companies costs due handful higher jumping largely small
Of the small handful of companies that have reported, the disappointments that came out were due largely because costs were higher, and here we've got oil, the No. 1 catalyst that caused that, jumping higher again.
causes economy fed hinges whether
It all hinges on whether the Fed tightening slows the economy and causes a recession.
event higher impact initially net oil people
On net this is not going to be a big event economically. People initially went to the big impact it was going to have, all predicated on the idea that oil was going to go a lot higher (than it has).
central dramatic entire front global growth impact profit reasons recovery remained slowing strong trends
One of the central characteristics of this entire global recovery is the outsized impact of these new economies. That's one of the reasons why growth has remained strong in the U.S. and profit trends have been remained positive, so if there is any inkling that we are at the front end of slowing that down, that's going to make a dramatic difference.
bond fact found good news pause run seem short stock taking tough yields
Yields seem to have found a high. Taking bond yields up every day has been a tough one for the stock market, and the fact it would pause is good news at least in short run for stocks.
business consumers looking sector stepping
Consumers are stepping aside, and manufacturing and other business sectors are stepping in. The U.S. business sector is looking very healthy.
again beat bigger came coming companies energy everybody expecting gains group higher markets precisely rates rest seemed stocks tells vulnerable
Everybody was expecting bigger companies to outperform in the first quarter, but gains came precisely from the group of stocks that seemed more vulnerable to higher rates and higher energy prices. This tells me that they may very well beat the rest of the markets again in coming months.
amazing companies earnings fourth reporting year
It's amazing that in the fourth year of recovery, companies are still reporting double-digit earnings growth.
broke caused close drop energy fact oil today
The fact that oil broke close to US$60 today caused a drop in S&P 500 energy stocks.
bull globe huge looking market markets outside sitting states thinking united united-states wherever
When I look around the globe outside the United States I see nothing but a huge bull market going on wherever you look. We're sitting here in the United States and looking at flattish markets and thinking things are not so good.