Clark Yingst
Clark Yingst
news preview
It's all related, I think, to the news from Colgate-Palmolive. It's (earnings) preview season, which is always treacherous.
began correction couple happening sector technology weeks
I think what's happening is a continuation of the correction in the overbought technology sector that began a couple weeks ago.
headed market seen suggest
This morning's PPI would suggest to us in all likelihood, the market has yet seen its bottom, and it's probably headed lower.
perhaps repeat year
Perhaps as the year unfolds, you are going to see repeat (earnings) disappointments.
higher likely persist rates suspect until
I suspect 'Well we're in a directionless market' is likely to persist until we get a better read on how much higher rates will go.
confident earnings good punished stray
We're still going to get some stray previews. I am much more confident the disappointments will be punished than good earnings will be rewarded.
rally sector tech
We would characterize today's rally in the tech sector as an oversold bounce.