Michelle Clayman
Michelle Clayman
Michelle R. Clayman is chief investment officer of New Amsterdam Partners, LLC, a firm she founded in 1986. New Amsterdam Partners offers large cap and mid cap investment strategies to institutional investors. Clayman sits on the Boards of the Society of Quantitative Analysts, and The Institute for Quantitative Research. She is a frequent commentator for CNBC, Bloomberg, and other financial media. A graduate of Stanford University's Graduate School of Business, Clayman is the first woman to receive the School's Excellence...
august light markets rally strong summer tends time
We are in the summer doldrums. Once we get into September, markets will probably rally because the fundamentals are strong but August tends to be a time of light trading.
announce bush deal economic expected felt front gonna next package seeing stimulus stocks today tread tremendous until
Yesterday, it felt like the whole world was changing, but today we're seeing that we're still going to have to deal with all the same things as before. The Bush administration is expected to announce an economic stimulus package next week, and that may buoy the markets. But there's still tremendous uncertainty on the international front and until that's settled, stocks are probably gonna tread water.
certainly cuts earnings good half kick looking people rate second
People are looking for a pretty good earnings pick-up in the second half of the year. The rate cuts are certainly going to kick in.
aggressive comments fed near positive raising rates saying suggest
Greenspan's comments suggest the Fed won't be aggressive in raising rates in the near term, which is a positive for markets, but he's not saying anything that surprising,
concerns hit number profits slow stocks
There are still concerns that profits will slow considerably, and that will hit stocks. But I think there are a number of stocks that are just oversold at these levels.
behind certainly rally relief
I think part of it is certainly a relief rally that the blackout is behind us.
bit last reaction today week
Last week was down, so some of today is a reaction to that, with a bit of a bounce.
amount bad concerned economic fairly far good market news solid today yesterday
Yesterday was a fairly solid day, today we had a fair amount of economic news -- and as far as the market is concerned it's good news and bad news.
interest lends low support today treasury yields
We're also still getting support from the low interest rates. While Treasury yields are not as low today as they've been, they are still historically at a substantial low, and that lends support to equities.
air bit coming flight internet safety trusted
This is more air coming out of the Internet bubble, coupled with a bit of a flight to safety into the old trusted stocks.
bad bullish clearly microsoft news people selling
You've clearly got some selling on the news. Microsoft wasn't bad at all, but it wasn't as bullish as some people were hoping.
bad bullish clearly microsoft news people selling
You've clearly got some selling on the news, ... Microsoft wasn't bad at all, but it wasn't as bullish as some people were hoping.
aided bounce economic market miserable news seeing surprising three
The market has been miserable of late, so it's not surprising that we're seeing a little bounce now, aided by the three economic reports. The economic news isn't great, but it's not awful, so that helps.
goes low people vacation week
And because it's such a low liquidity week and a lot of people are on vacation already, you're unfortunately going to see more of the same as the week goes on.