Timothy Ghriskey
Timothy Ghriskey
help high intel
Expectations were so high for Intel that they couldn't help but disappoint,
building calendars certainly clear coming fact favor highly historic market related seen since somewhat stock styles technology valued volatile wrong
We've seen a very volatile stock market since February. Different styles and sectors, like technology or financials, coming in and out of favor with no clear direction. There's nothing really wrong with techs. They are certainly somewhat highly valued by any historic measure, but probably not as highly valued as they were in February. We think, actually, come the fall, we could see a big tech rally, and that would probably be related to the fact that the IPO calendars are really building at the big underwriting firms, the big broker dealers.
bringing correction early highs level market reached seems since stock
I think we've had a pretty significant correction in the stock market since the highs in early March, and we've reached a level that seems to be bringing in buyers.
high hit remember seeing selling
We're seeing a little selling today, but I think it's important to remember that we just hit an 18-month high on the Dow, and so we're going to see a little pullback short-term.
bit earnings economy higher improving justify lifted markets mood positive proof stock summer translated
We're into a bit of the summer doldrums. There have been a lot of positive earnings surprises, but the anticipation of that has lifted markets for months, with little proof that the economy is improving enough to justify those earnings. So the mood is more upbeat, but that hasn't translated to higher stock prices.
flow generally gut higher labor light news pick says stock volume
Volume is very light, and the news flow is generally light as well. After Labor Day, I think we're going to see volume pick up, and my gut says we're going to see higher stock prices.
costs cyclical debt high risk takes taking wrong
This is a very cyclical business. If an acquirer takes on debt to do this, there is high risk in that. They could be taking on a lot of debt and restructuring costs just at the wrong time.
across crude impact market oil price reflected reverse saw
We saw crude reverse from the morning, and the market rises. The price of crude oil has such an impact across the economy, and you see that reflected in the market.
concerns height litigation seen track
We think we've seen the height of the litigation concerns here. We think we're on a down track here,
assets help sell trying
We think they're out there probably trying to sell this business, ... That's going to magnetize some assets and help this company.
bounce concerns correction february huge looking market monday partly response run weak
We had a correction, partly because the market had this huge run and everyone was looking for a correction, and partly in response to the weak February payrolls number. We had a bounce off that correction Monday and Tuesday, but concerns remain.
again good leading market relative sector seeing seen sign strength technology
Yet again we're seeing relative strength in the technology sector and we've really seen this for about a week. Big Tech is leading the market and that's a good sign for that sector.
foot labor major next people seeing shows tends volatility volume weekend
We're seeing volume but no volatility in prices. And I think that just shows you that a lot of people are away and people are not making major moves. But next week, when everyone comes back from the Labor Day weekend it tends to be a big week and they really put the foot to accelerator and go, go, go.
economist hikes interest last point positive rate seen thinks
What our economist thinks at this point is that we have probably seen the last of interest rate hikes by the Fed, which could be a positive thing for the transportation sector,