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...
earnings feeling interest market might people rates tech worries
Earnings have been pretty astonishing, but the market hasn't always responded to that. I think people are feeling better about tech earnings in particular, but we still have worries about interest rates and what that might do to the recovery.
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.
bottom drift people start
Things have been so gloomy, (but) now many people sense the bottom is here and we'll start to drift upward.
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.
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.
due number
The run-up is probably due to a number of factors.
bad based business certain confidence deal decline economic few great leadership worrying
There's still a great deal of uncertainty. We've got a pretty worrying international situation. There is a decline in confidence in business leadership based on a few bad apples, and a certain complacence about the economic data.
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.
behind certainly rally relief
I think part of it is certainly a relief rally that the blackout is behind us.
begin bound companies few guess market narrow next range report september tends trading weeks
September tends to be the take-a-breather month, historically. I would guess the market over the next few weeks will be bound to a narrow trading range as companies begin to report earnings.
business confidence consumer expect increase margin market negative positive question start turn whether
Negative pre-announcements are outpacing positive ones by a three-to-one margin -- and that's very high, ... The big question is whether the market can look through that. We expect consumer confidence will increase and business confidence will start to turn up as well.
activity april clear companies data economic picking shown sign suspect willing woods
Economic data has shown us that we're not out of the woods just yet. We suspect that April too will be weak. ... What we need is a clear sign of economic activity picking up and companies willing to spend.