Tim Heekin
Tim Heekin
energy helping overall
Pharmaceuticals and energy and financials are doing well. For sure, that's helping the overall Dow.
question selling whether
The question is whether this is a one-day thing after all the selling or if it's something more sustainable.
badly bond flew looking money people performed performer sector tech worst
The tech sector as a whole has performed so badly this year; the Nasdaq has been the worst performer year-to-date. I think a lot of money flew into the 10-year bond during the conventions, during the Olympics, and now people are looking to put their money into the beaten-down sectors, like tech.
asset buying program turn
I didn't see anything fundamental to turn us around. I think it's a combination of program buying and asset reallocation,
business gets hope nice september
I hope we'll see a nice pick-up in business as September gets underway.
camp deadline guess keeps market positive war
I guess a new deadline could be positive for markets, but I'm of the camp that the more the war is postponed, the more it keeps the market distracted.
determine group highs increases key metric rate rates room stocks tremendous upside whether
If the rate increases do stall out at 5 percent, I think there's still tremendous upside room for this group of stocks. Rates will be a very key metric that's going to determine whether these stocks make new highs or pull-back.
half people rally second setting themselves
After that period, you could see a rally in July, with people really setting themselves up then for the second half of the year.
continue few four gets hands months next people since sitting weeks
In the first four months of the year, people made a lot of moves, but since then, I think people have been sitting on their hands a bit. I think that will continue in the next week, but a few weeks from now, it gets more interesting.
biggest drive fed market
Clearly, the Fed is the biggest drive in the market right now.
eight energy group last leaders market pair performing sort technology weakness weeks worst
Citigroup was disappointing and financials are the worst performing group today, ... You pair that with weakness in technology and energy -- the two leaders for the market over the last eight weeks -- and you have sort of a ho-hum day.
based betting earnings fourth guidance half numbers people quarters rally robust saying second seeing third year
Earnings have been fine, but they just haven't been as robust as people were hoping. The guidance for the third and fourth quarters hasn't been that strong, and part of the rally was based on people betting that the second half of the year would be good, so with the numbers not saying that, you're seeing some selling.
last people vacation week york
It's the last week of August, people are on vacation and a lot of the big institutions in New York are half-staffed.
fears moves people quiet religious rice terrorism three waiting wanting
It's a quiet day before Easter, and we're waiting for the bunny. You have people not wanting to make moves before a three day weekend, and you have some fears about terrorism -- with Rice speaking, and because this is a religious holiday.