Stuart Freeman
Stuart Freeman
funny good market news worries
We're in a funny space. Too much good news is not good news because the market worries about the Fed.
balance earnings good inflation interest problems quarter rates second suggest
You've got interest rates on your side, inflation on your side. Earnings look good in the second quarter and we think they will be good for the balance of the year. We don't see the indicators to suggest we've got problems at this point.
creates crude decent economic fed figures good home oil prices sales showing worries
You've got good home sales figures showing some decent economic growth, and you've got crude oil prices up. You put those together, and that creates worries that the Fed is going to keep going on rates.
area late spring target
We are maintaining our long-standing target for the Dow 10,000 area by late spring 1999.
august behind dropping earnings features inflation market news positive rates recently
There are a lot of features behind this market that are very favorable. Inflation news recently for August was very positive. Rates dropping have been a positive for this market and earnings still look good.
far fed inflation less likes market raising rates worries
It doesn't look like inflation so far is accelerating. The market likes that because it worries less about the Fed raising rates too aggressively.
ready summer
I think we are set up and ready to go for a summer rally.
action bit bond higher later market profit
I think today's action is a little bit of profit taking. There's some consternation in the bond market. We think this market in equities is going higher later this year.
companies earnings quarter reporting
We're always going to have some companies in the morass of reporting companies that aren't up to speed. Generally, the earnings for the quarter are good.
percent stocks
We think some of these stocks have had 15, 20 percent pullbacks here and they've become attractive.
rotation unusual
It's not unusual to see a rotation back into some of these traditional stocks.
help inflation interest investors level rates
Anything that makes investors feel comfortable with the inflation level and the way short-term interest rates are going is going to help the market.
building consumer continuing demand housing lower rates result stimulate
Lower rates should stimulate other consumer areas. We think building materials, as a result of continuing housing demand going forward, should do well. We actually think we'll see more demand for autos.
growth likely secular seeing tech thinking
We've been thinking that the Nasdaq, as an index, would likely outperform a lot of the other indexes this year. It's a lot about secular growth. We're seeing growth in technology. And for the most part, it's been a tech year.