Barry Hyman
Barry Hyman
close curve deal extremely federal high hope market meeting next note rally recession reserve slowing until worried yield
It was unanimous we'd have a year-end rally until the yield curve inverted. We wanted to close the market on a high note this year, but now we're worried that the 2006 market will have to deal with this. The next Federal Reserve meeting will be extremely critical. We have to hope this isn't predictive of a recession or a slowing economy.
concerns earnings either future home leave migration people seek stay stocks technology
Either people are going to reposition away from technology and seek a home in the migration away from technology, which is why you have other sectors moving. For those who are tech players, it's going to leave those stocks that may have some concerns over future earnings and it's going to stay there.
concerned direct economy effect either expect hikes interest line looking market number rate remain tame
I expect (ECI) to be very tame and show now inflation. It's the GDP I'm concerned about. If either one doesn't come in line (with expectations), the market will remain under pressure, ... I'm looking at the GDP number because that's going to give us a direct causal effect to how well the interest rate hikes have slowed the economy down.
buck cycle judging late market next rallying september small
I don't think we're going to buck the September trend, and I don't think we'll see a big sell-off. I think we'll see some rallying through the next week, and then a small pullback after that in late September, judging by the cycle the market has been going in.
absence apathy cruel days earnings matter reality
I think there's apathy in the market. The cruel reality is that earnings do matter and, in the absence of any new catalyst, you're going to get days like this.
chain companies defensive developing filters market pc produce remain sales start technology throughout
The market is going to remain on the defensive and start to look at this developing technology story. To technology, that story is very important. It filters throughout the whole chain of PC sales to companies that produce chips.
bond concern continue defensive equity fed market number numbers pressure raising seeing shows store stressed
Now we're going to see more pressure on the bond market and an already stressed equity market. There's a lot of concern and we're seeing some defensive investing. This number shows that the Fed will continue raising rates. Numbers like this show that we're in store for two more hikes.
absence based decisive issues job market recovery shift statement upside
There's been a decisive shift to the upside in market sentiment. The Dow has done its job and it has made a statement of recovery based upon defensive-style spending, cyclicality and the absence of accounting-related issues for the Dow.
bought cheap fed growth interest lowering mean rate rates similar starts stock year
I think the year starts out very similar to how it's ending. Just because a stock is cheap doesn't mean it should be bought ? you have to look at the growth rate and I think the Fed lowering interest rates is going to be very important.
basis coming economy economy-and-economics ending great growth hike impact interest last point rate sell slowing stocks technology time weak
The economy is already slowing down without the impact of that 50 basis point hike last month, and I think what you have to look at here is the ending of the interest rate cycle. The growth stocks are technology stocks. And at this time it's a very seasonal thing as well. We are coming to the end of the quarter, so you are going to just get the great stock into the portfolios and sell the weak ones.
cheap cost looks move next stock target trading
And (Chase) is trading at 10 times next year's earnings. I think the stock is very cheap from a valuation basis, and it's not something that will move immediately. There are cost restructurings to go into this merger; but over time, I think the stock looks good. And I have a 12-month target of around $60 on that,
basis built driven eyes fed market meeting points sell turned
All eyes will be turned to the Fed. The market will be driven in and around the Fed meeting ? it could be a sell on the story because 50 basis points (a half-percentage point) is already built into the market.
affect dramatic market
Your first set of pre-announcements are usually your most dramatic and affect the market the most,
ball
The Nasdaq is a different ball game. It's not a credit-sensitive sector.