Jon Brorson
Jon Brorson
correction couple months past stocks
The choppiness we've had over the past couple weeks, the volatility, suggests stocks are vulnerable. It suggests we're looking, in the months ahead, at a correction in the marketplace.
earnings forecast generally growth percent track
Our forecast was for earnings to come in around 13 percent year-over-year growth, and they're on track to do it. They are surprisingly better than expected, and outlooks have been good, generally speaking.
bounce hope key market quick rally support
I would hope that the market will try to rally here, and bounce off these key support levels. If it doesn't bounce real quick in this area, we could have some real problems.
earnings good season
I think earnings will be good this quarter. The pre-announcement season was very innocuous.
commentary earnings federal gone great greenspan last looking market members people sitting year
People are looking for commentary from Greenspan and other members of the Federal Reserve, ... Earnings have been great over the last year and half, but the market hasn't gone anywhere, and it's because the Fed's sitting on the market.
nasty people
People are real skittish after the sell-off on Friday. That was a pretty nasty bump.
bull business buy cheap cyclical market meaning means sell slow takes terror trading
It takes a long time, but because of inflation, world terror and a more stop-and-go business cycle, we think P/E multiples will be in a slow eroding phase, ... That means the market will be more of a cyclical trading market than a sustainable bull market, meaning you've got to buy when things look cheap and sell when they look expensive.
came concerns gains good inflation investors might opportunity reports start stocks
We might start the day with some gains in stocks on the back of the good reports that came this morning. But with concerns over oil, and inflation down the road, investors may take the opportunity to take some profits.
bit equity last light market quite run three
We've had quite a run over the last three weeks, and I think the equity market is going to have a little bit of profit-taking, especially in light of a no-news day.
acting crude falling positive price thanks
Energy's acting well even with the price of crude down thanks to the Exxon upgrade. That's why we're falling more on the positive side.
consumer crude darn energy horrendous negative price sector sentiment strong
Energy has been pretty darn strong even with the price of crude down. In fact, the only real negative sector is consumer discretionary, because of the horrendous consumer sentiment numbers.
corollary curve mean recession seen yield
We've never seen a recession without the yield curve inverting, but the corollary is not true: Just because the yield curve inverts does not mean we're going to have a recession.
dollar earnings economy far trend
We got a lot of earnings and so far so good. The trend is going to be up, frankly, because the economy is chugging along, even with $74 dollar oil, amazingly.
bonds continue crude good last momentum rally setting stage today week
They managed to rally after being down most of Friday, so I think some of that momentum will continue today. Crude is off a little bit, bonds are up, so I think it's setting the stage for a pretty good day today on the back of a pretty good week last week.