Terrence Gabriel
Terrence Gabriel
forward microsoft report
The Nasdaq has at least the Microsoft report to look forward to, which should be strong.
certainly facing hitting issue microsoft profit stocks taking
I think the Nasdaq was facing a lot of profit taking already. Certainly on the Nasdaq today, the Microsoft issue is hitting stocks in general.
begins closely earnings flood good interest news next rate reacting stocks watched week
Stocks are not reacting to good (earnings) news. Next week begins the real flood of what should be very closely watched reports. If the good earnings news is not able to buoy the market, it's because of interest rate concerns.
chips demand federal half percentage rates reserve rises slow whether worldwide
There's such a worldwide demand for chips that whether the Federal Reserve rises rates (a half percentage point) isn't going to slow demand for chips.
bounce genie volatility
Once the volatility genie is out of the bottle, he's going to bounce around for awhile.
business certain continue demands improve innovation maintain money pace pressure spend strong tremendous
To a certain extent, the demands on productivity are so strong and the pace of innovation is so great. There is tremendous pressure and need to spend money on the business infrastructure to continue to maintain and improve productivity.
bond couple reason strength toward yield
We have 30-year bond yield pressing toward 6.70 percent, when you couple that with the kind of strength we had yesterday, you're going to find ample reason to take profits.
happens themselves trends
The trends can play themselves out in 20 minutes. It happens all in one day.
case fed scenario worst
The worst case scenario is the Fed overdoes it.
growth people percent push rates whether
People feel the growth is there whether you push rates up to 6.50 percent or 6.80 percent.
certain investing massive momentum start stocks tendency toward
Momentum investing has become more and more in vogue. When certain stocks start to move, there's a tendency toward massive concentration.
almost fact perception psychology quarters rightly shifting taking
It's almost like now the psychology is shifting to expectations that sequential quarters will in fact decline. Rightly or wrongly, that's the perception that's taking hold.
air looking prices stocks tech tremendous
We've already let tremendous air out of these tech stocks. The prices on some of these tech stocks are looking very attractive.
becomes hard lure market resist
If you want to play this market it's hard to resist technology. The lure is tremendous, so it becomes self-perpetuating.