Robert Philips
Robert Philips
bottom higher hit last movement seeing short stage today week
We're not seeing much movement today (Wednesday) but I think we hit a bottom last week and we've set the stage to move higher in the short term.
hike issue rate
The overriding issue is are we going to get one more rate hike or several.
again investors leadership less money performed pulling putting shift showing technology
You have technology showing leadership again today, but I think you'll see a rotational shift by the end of the month, with investors pulling money out of sectors like tech and industrials and putting it into those that have performed less well, like pharmaceuticals.
bond coming earnings falling help prices providing seemed
There are a lot of cross-currents going this week. Bond prices have been falling sharply, but it hasn't seemed to help stocks. Then you've got all the earnings pretty much coming in in-line but not providing many surprises.
bottom bounce continue couple days likely meaningful next overall process
I think the Nasdaq probably bottomed Monday, and we're in the process overall of making a very meaningful bottom. The next couple of days will likely continue to be volatile, but I think we'll bounce off that bottom after that.
bit coming fed implies maybe move pause statement
I think we're a bit overbought right now and we may need to consolidate. But maybe if the Fed statement implies a pause is coming soon, we could move up a bit.
bet causing investor program retail unlikely
I think it's unlikely that it's the retail investor causing this kind of action. You can pretty much bet it's program traders.
few next pull push
We may see this push and pull for the next few weeks.
ahead classic commit good market news next people seen standpoint summer technical week
From a technical standpoint the market is in a pretty good place. But I think it's a classic summer Friday, and people don't want to commit too much after the week we've seen and ahead of all the news next week.
concern due government longer markets power pricing short stimulate
Long term, I think the markets are higher. ... I think on a very short basis, we're due for a pullback of sorts. The government is doing all it can to stimulate the economy, but pricing power is a concern longer term.
comments depends frame greenspan interpret reference terms
Greenspan had something for everybody, as he usually does. It depends on your frame of reference in terms of how you interpret it. I think his comments were pretty benign.
talked within
We've talked to him about opportunities within our cluster. It's really in Steve's court.
conclusive consumer corporate evidence fix market positive problems rally stimulates stock war
I do think there will be a significant rally once the evidence is more definitive. A conclusive end to war will fix the problems we are having today. A positive end to war stimulates a stock market rally, which stimulates consumer and corporate spending. I think it's the stock market that comes first -- it's always been that way.
biggest hindrance oil parcel pessimism remain underlying
The underlying fundamentals remain decent, but the pessimism is getting higher. The biggest hindrance right now is oil prices, part and parcel with Iraq.