Robert Philips
Robert Philips
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.
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.
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.
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.
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.
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.
talked within
We've talked to him about opportunities within our cluster. It's really in Steve's court.
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.
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.
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.
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.