Richard Suttmeier
Richard Suttmeier
best came forward leadership market moving negative optimistic profile providing stocks terms transports year
I am optimistic about most of the stocks in the market because I think it's only the Dow and the transports that have a negative profile right now. We've evaluated and came up with 10 sectors that we thought were positioned the best in the year 2000, and moving forward in terms of providing leadership in the economy. And then in that
bull cost fed labor looking market next radar relief soft takes totally unit
The market is looking for that soft landing. If we can get through the productivity unit labor cost next week, and they are benign, and it takes the Fed totally off the radar screen, then we'll get a relief rally, but not a bull market. So we're in a non-bear market, non-bull market. We're in a trading-range environment.
above buying correction economy failed investors last momentum moving negative selling since stocks strength tale traded weakness week whereas year
All year long, it's been a tale of two markets. The momentum on the Dow is declining, and the Dow last week failed at its 200-day moving average, which is declining, two things that are negative for the Dow and for 'old economy' stocks. Whereas on the Nasdaq, since the big correction that we had, the Nasdaq momentum is now rising, and it traded back above its 200-day moving average, which is still rising. Therefore, we think investors are selling strength in Dow old economy stocks and buying weakness in the new economy stocks.