Jim Paulsen
Jim Paulsen
cycle earnings eight ends gives looking maybe pattern rest starts terrible
It gives you the sense that maybe this earnings cycle is going to be like the rest, where it starts out like it's going to be terrible and it ends up looking good, ... That's been the pattern for eight quarters.
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.
bit earnings reports
What little earnings reports we have had have been a little bit more disappointing than outperforming, for the most part, so that's weighing.
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.
alert rallying terror
I think that (the terror alert rumor) was most of this ... it's already rallying back.
causes economy fed hinges whether
It all hinges on whether the Fed tightening slows the economy and causes a recession.
certainly fan fear fed forward inflation longer people watch
That certainly is going to fan a little inflation fear here, and going forward it will at least keep people on the watch a little longer on the idea that the Fed is going to keep tightening.
fed raised seemingly thus yields
Thus far, the Fed seemingly has no bite. Normally, when the Fed has raised short-term rates, long-term yields have also risen. Not this time.
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.
amazing companies earnings fourth reporting year
It's amazing that in the fourth year of recovery, companies are still reporting double-digit earnings growth.
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.
knew
Even at the open, we knew it was just going to be Libby, and if nothing else, at least the uncertainty is gone.
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.