Barry Hyman
Barry Hyman
bonds gone housing improve influenced market rates trends
The market did improve with the housing data. Market trends day to day are really influenced by how the bonds have been trading. When the rates have gone up, equities have suffering, when rates have gone down, the market has been optimistic.
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I think to an extent we've taken for granted the last few Fed meetings, and next week's meeting takes on more significance, ... A quarter-point hike is pretty much expected, but I think the relative bumpiness of the recent economic news could mean the Fed will indicate that rates may not rise as aggressively last year as people had been thinking.
financial good indication interest rate sensitive stocks
The financial stocks, which could be a good indication of interest rate sentiment, are up. You want to see the real interest rate sensitive stocks participate.
belief cuts interest medicine psychology rate reaction though week
I think the week was excellent. The Fed, even though the reaction was delayed, reinvigorated the psychology of the market. It's reinforcing the belief that these interest rate cuts will be the medicine for the economy.
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I look at a market here that is going to continue to be impacted by rates going higher, ... and I think it's heading into one of those post-earnings periods where it meanders. It's hard to see any substantive reason for us to move higher.
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Higher interest rates are an impediment to companies where cost is important and that's Old Economy stocks, ... What we are seeing is a defensive move into technology stocks.
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I don't think there's anything that will deter the Fed from lowering interest rates in August. I think the story is going to be the continuing belief that there is a mixed story on Wall Street that has been brought out, in terms of technology. The visibility story is changing somewhat to the 'we see the bottom in sight' scenario.
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I think we really have to get to the next Fed meeting before anything significant happens. We have to see the emphasis on a slowing economy, and that's key to seeing that there won't be an open-ended succession of rate hikes.
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The idea is that interest rates will affect the old-economy companies more, because they are more interest rate sensitive. You will probably have less of an effect on technology stocks, and there is a lot of bargain-hunting going on. I think investors are a little more comfortable coming into these blue chips down 30 percent.
data exact exactly hike inflation leaves open rate recent risk sees shows street wall
It was exactly what Wall Street thought, ... The wording was exact -- no hike, sees inflation risk ahead, recent data shows moderating slowdown is still tentative and preliminary, and leaves open (a) rate hike in August.
data exactly hike inflation leaves open rate recent risk sees shows street wall
It was exactly what Wall Street thought. The wording was exact -- no hike, sees inflation risk ahead, recent data shows moderating slowdown is still tentative and preliminary, and leaves open (a) rate hike in August.
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I don't think the economy can really withstand the equity markets dropping down and giving back all of its gains ? that would really hamper consumer confidence. The one thing that has changed is psychology ? it's time to look forward to what the effect interest rate cuts mean for the economy.
companies forbidden interest less minds quite rate technology week
It is quite astounding. One week revenue-based companies are forbidden (psychologically) from investors' minds and one week later, as interest rate (fears) return, technology (stock) is the place to be because they are less affected.
couple cut excuse key longer near next profit profits rate taking term today words yesterday
Profit taking will be key words today (Thursday) and over the next couple of weeks. The Fed's rate cut yesterday bodes well for the longer term but near term it is an excuse to take profits. Cisco's story is another excuse to take profits in technology.