Thomas McManus
Thomas McManus
conditions continued cost currently earnings growth hold inflation interest labor likely longer pressures rates stable tight
Continued cost inflation pressures and tight labor conditions may keep upward pressure on interest rates longer than currently perceived. It's likely large-cap stable growth will hold up better if earnings falter.
companies cost encourage neutral owning pass power pricing tips ways
I would encourage you to look at TIPS or other ways of owning companies that are pricing power beneficiaries, or at least neutral and able to pass on cost increases.
biggest concern impact inflation seems stock
It seems to be the biggest concern is inflation, and the impact on (price/earnings) multiples and dividend yields. Unfortunately, there aren't enough inflation beneficiaries in the stock market.
aversion believe broad increased market response rises risk stocks
We believe that some large-capitalization stocks will outperform the broad market if investors' risk aversion rises in response to increased volatility.
asset attention emphasis less pay
I think you should pay attention to people's recommended asset allocation and you should put less emphasis on the targets.
challenge starting
I think that new technologies are starting to challenge some of the old technologies.
affect might pandemic
How might another influenza pandemic affect the market?
given progress seems since
The market's progress since then (Sept. 21) seems excessive, given the challenging environment.
both buying companies counting difficult increases inflation pass realize
Inflation is a difficult thing both for investors, who are counting on companies to be able to pass (higher prices) through, and also for consumers, when the realize the dividend increases they've been getting aren't really buying that much more.