Jeff Cheah
Jeff Cheah
certainly component danger developing economy giddy looks price prices sector showing start
It suggests to us that the manufacturing sector of the economy is still developing at a giddy speed, and the price component looks problematic and is showing price pressure. While there's certainly no danger of hyper-inflation, there are some indications that prices may start to accelerate.
earnings hear market news peak reporting
That kind of news will spook the market and we will hear more of it because we're at the peak earnings reporting season.
few good hurdles looks step surface
On the surface it looks very impressive, but we still feel there are a few hurdles that we need to overcome, but we've made a good step at challenging those levels.
financial focus indicator inflation main primary rates report testimony
The inflation report and Greenspan's testimony are now going to be the primary focus of financial markets. It will be the main indicator for where rates will go.
absence gas interest markets news oil overall rate sensitive stocks today
Interest rate sensitive stocks did well today as well as the oil and gas sector, but overall you can't really say that there's a lot of direction...given the absence of any market-moving news today. Also the liquidity wasn't there with the U.S. markets closed.
consensus fed feeling general knows report
The report was very confusing. The general consensus feeling is that no one knows what, if anything the Fed is going to do.
earnings hear heavy market stuff
So I think that kind of spooked the market a bit, but we're in heavy earnings season, so we're going to hear a lot of that stuff going forward.
assets bad cheap creating demand flow funds money moving prices pushing toward value
A lot of money is moving toward assets that are at very cheap prices in Japan. That flow of funds is creating a demand for yen and pushing the U.S. dollar's value lower, but that may not be such a bad thing for the U.S. economy.
appear business ceo company conditions continues couple earnings hearing last poor rally saying season throughout trigger visibility
All this time, throughout the earnings season for the last couple of quarters, we've been hearing that visibility continues to be very poor going forward. Now, for the first time, you have a CEO of a high-profile company saying at least that business conditions appear to have stabilized, and I think that was the trigger for the rally today.
bit double point seem showing
We seem to be showing a little bit of a recovery, we were at one point down double digits.
begin believe federal financial looking markets point question reserve trend
You have to believe the productivity trend is very real, but at one point will it begin to taper off? That's a question financial markets and the Federal Reserve have been looking at very closely.
associates close coming computer hear heavy likely negative positive reporting saw start surprises
We're coming close to a heavy reporting season. We will start to hear positive or ... more than likely negative surprises like what we saw with Computer Associates earlier.
aside attribute bullish expect ride sentiment smooth yesterday
There is a fundamental sentiment change, aside from that nothing has changed. Sentiment was very bearish yesterday and you could attribute that to nervousness. I expect a roller-coaster ride for another two-to-three weeks. I'm bullish but I don't expect it to be a smooth ride.
certainly economy examine fed growing growth inflation maybe pace rate risk seeing telling tells
What all this tells us and is certainly telling the Fed is that maybe we need to examine what the sustainable growth rate really is. The risk is that we have an economy that is growing at a pace that historically suggests we should see inflation pressures, but we're not seeing that yet.