David Joy
David Joy
bloom clearly companies dollar factor far numbers relative rose sales strength tech
Clearly the far more important factor for tech is the relative strength of the economy. It trumps the dollar situation. But if the dollar improves, it does take the bloom off the rose for some of the sales numbers that companies have reported.
disconnect growth headline health individual numbers perception relative seems wide
There seems to be a wide disconnect between the headline growth numbers and individual perception about the relative health of the economy.
call democratic direct impact platform proposals stock tax
Some of the tax proposals that are part of the Democratic platform do call for the rollback of dividend tax cuts. That has a direct impact on the stock market.
cap far money move moving stocks
It doesn't take a lot of money moving into these stocks to move them higher. But valuations will put a cap on how far things will go.
string
We'll see if Goldman can keep that string going.
consumers energy high higher lost oil pay prices though
The persistence of high oil prices can't be lost on the Fed. Consumers have to pay for higher energy even though it's volatile. It is a real cost.
hurricane
We'll see what impact, if anything, the hurricane had on them, and it may be a harbinger.
bonds boost clearly consumer flight horizon price producer reports
Bonds clearly got a boost from the flight to safety. But looming on the horizon are the consumer and producer price reports and the CPI is going to be the most important,
attention capture deficit jobs losing question terms trade until
The trade deficit will be couched in terms of outsourcing. If you look at trade itself, it doesn't capture a lot of attention until it spills into the question of losing jobs overseas,
change cycle major spending suggest
Things are stabilizing but there is still not a change that would suggest a major new spending cycle in tech.
jobs plays tie
Protectionism plays well if you can tie it to outsourcing and jobs.
death hikes mean rate tech
Rate hikes don't have to mean the death knell for tech spending. Fundamentals are still strong.
buy clear invest reason ruled stock wants
Normally, you buy back a lot of stock when you don't think there's any reason to invest in your own company, ... Parsons hasn't ruled out Icahn's suggestions, but it's clear he wants his flexibility.
break economic expansion feeling general indicative might normally number relatively time
Normally I'd say it's just a number but I think it's relatively important this time around. If we break through 11,000, it might be indicative of a general feeling that the economic expansion is more broadly based.