Stuart Freeman
Stuart Freeman
ready summer
I think we are set up and ready to go for a summer rally.
percent stocks
We think some of these stocks have had 15, 20 percent pullbacks here and they've become attractive.
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.
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.
fear middle move prices stem worries
Certainly, part of the market's worries right now stem from oil. You still have instability in the Middle East, and there's a fear that prices will move dramatically higher.
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.
rotation unusual
It's not unusual to see a rotation back into some of these traditional stocks.
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.
area late spring target
We are maintaining our long-standing target for the Dow 10,000 area by late spring 1999.
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.
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.
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.
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.
attractive carried company economy gap growth heat inflation last market months stocks strong surprise three whose year
We think Gap is a strong growth company whose valuations have become attractive in the last, really the last three months or so. I think the surprise of the year right now is that the economy is not so strong, that inflation will heat up and that these growth stocks that have carried the market for the last three years are going to reassert themselves.