Tim Heekin
Tim Heekin
bonds coming fixed funds income money pension seeing shifting weeks
What started this two weeks ago was the big pension funds and other institutions coming in, seeing that bonds were getting over-valued and shifting money out of fixed income and into equities.
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.
consumer losing market money power putting spending strength
If they feel like the consumer is losing his strength and his spending power in the market, and he's going to be putting more money into savings, that's going to make the market nervous.
betting bond dark equity horse income market money movement people sell starting truly worth
This movement in the bond market is amazing, truly unprecedented. People are starting to sell fixed-income and put that money into stocks. Equity is starting to look like this undervalued dark horse worth betting on.
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.
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.
cushion earnings economic good light news provide sort week
This week is pretty light on the economic news. The first-quarter earnings should be good and should provide some sort of cushion for the markets.
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.
airlines drag steel
FedEx is a big drag today, Merck is down, steel is down, airlines are down, it's all weighing on the transports,
bonds came finally funds high hold profits recent taking test
Bonds finally showed a little reversal. We put in a high on the long-terms and then dipped off of that. I think the big bond funds came in and started taking profits after the recent run. The real test will be if we can hold these levels.
bunch interpret market rates rise seems
You can interpret it a bunch of ways, but all I know, and all that the market seems to know, is that short-term rates are going to rise, and they're going to rise really soon.
gained half huge move
You had this huge down move on Tuesday, you gained half of it back yesterday, and more of it today,
break good hold key moving technical tone towards
There's a good tone to the market. We're moving towards some key technical levels, particularly with the S&P 500. I think that if we can hold and then break through them, we could go higher.