Joseph Battipaglia
Joseph Battipaglia
consumers flexible good government power quarter rest retail sector spending stocks strength strong
The government contributed to that strength by spending more. Retail stocks had a good first quarter because with the strong economy, consumers had flexible spending power. The retail sector still has the power to outperform for the rest of the year.
economy fare february happens iraq january market move rest tone
What happens with Iraq is very important in January and February to pretty much set the tone for how the economy will fare for the rest of the year. So when we have that answer, then you can get your market direction. In the meantime, you essentially move sideways.
broader earnings effect ibm instead negative news particular positive rest ripple seeing spill stock
This earnings season, instead of getting a ripple effect on positive news, you're seeing that particular company's stock react, but very little spillover, like with IBM today. The negative news has tended to spill over to the rest of that sector, and in some cases, the broader market.
move neutral opening point quarter rally rest stance
I think it is a quarter of a point move up, but a neutral stance by the Fed, opening up the way I think for a big rally for the rest of the year,
among bright comfort coming delivered fairly fed growing half initiative investors outlook perhaps positive second
What's going to be positive here is delivered earnings, a fairly bright outlook for the second half by corporations, and a growing comfort among investors that perhaps the tightening initiative by the Fed is coming to a close,
balance companies decent environment fairly talking
The techs on balance have put in a fairly decent performance, ... We're getting a sense that there's a bottoming going on in the semiconductors. Some of the bellwether companies like Cisco are talking about a better environment in the future.
pc sales tie
Right now, the slowdown in PC sales I tie to the Pentium III,
benign data fed hurricane market prior quite showing sure
CPI data was benign but the data was prior to Hurricane Katrina, ... Still, no one is quite sure about what the Fed is going to do going ahead. So the market is not showing much conviction.
endurance growth momentum move rates strength underlying
There's ongoing, underlying strength in the economy, and that's important because as rates move higher, the durability of growth and the endurance of the momentum is very important for investors.
action bad company difficulty few gains last looks major market news point service shocks
We have a lot of difficulty with the telecom service sector, ... It looks like the bad news is localized in that company and that sector. We're at a point where most of the major shocks have been had and the market action today, after the gains over the last few days, is very constructive.
continue fed few lower news next oil prices raise relief trading weeks
We continue to be in this trading range, at the lower end right now, ... The only catalysts that can get us out of here in the next few weeks is some relief at the pump, lower oil prices and news about how much the Fed is going to raise rates.
dollar gold safety
I think gold is not the right place to be right now. The dollar and U.S. Treasuries are now the safety valves.
dollar gold safety
I think gold is not the right place to be right now, ... The dollar and U.S. Treasuries are now the safety valves.
concerns economy expanding improve mixed number raising result retail sector services
Today's ISM services number was a disappointment. The economy can't improve if the only sector expanding is the consumers. And now the mixed retail result is raising concerns there, too.