Robert Philips
Robert Philips
hike initially march market rate stock strong until
The stock market initially got pretty spooked by the strong March payrolls number. At that time, the futures market was signaling no rate hike until November. Now, it's signaling August.
broke call conference group left momentum people tech texas
Texas Instruments' conference call left people pretty cold. That broke the momentum of that group and has spilled over into other tech stocks.
talked within
We've talked to him about opportunities within our cluster. It's really in Steve's court.
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.
few higher move next run start stocks weeks
My sense is that we're going to keep consolidating over the next few weeks after the kind of run we've had. Then you could see stocks start to move higher again.
bond concern condition low market profits response risks seeing traders
On the day, you're just seeing traders take some profits in response to an overbought condition after the rally, but longer-term there is a real concern about the bond market being at a 45-year low and the risks of deflation.
affected bond concerns materials neutral obviously oil stocks today
The PPI today obviously affected the bond market. Stocks are more neutral right now in that you have oil stocks, materials and drug stocks doing well today, and that's countering the concerns about inflation.
affected bond concerns materials neutral obviously oil stocks today
The PPI today obviously affected the bond market, ... Stocks are more neutral right now in that you have oil stocks, materials and drug stocks doing well today, and that's countering the concerns about inflation.
anywhere beaten bit days far good issues lots meaningful people stocks until
We've had two days of pretty good rallies and now there's a bit of consolidation. We're not going to go anywhere meaningful until lots of these issues get resolved. When stocks get beaten down far enough, people get interested.
broader company extent good means news people pressure remains reports stocks
To the extent that there remains pressure on stocks even when the company reports some good news means that on a broader level, people don't want to own anything right now.
difficult negative news past people seems soon stock week
It's been a difficult week or two for the stock market. It seems like as soon as we get past one thing, we have another. Overall, it seems the confluence of negative news is making people jittery.
break clarity coming interest jobs market policies wall whether
It'll give some clarity about interest rates, whether the market can break out of this range, and will give us some indications about the presidential election. The better the jobs number, the better for Bush's re-election campaign, and for some on Wall Street, that's preferable, because they know what his policies are, and someone else coming in is more of an unknown.
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.
hike issue rate
The overriding issue is are we going to get one more rate hike or several.