Jeff Cheah
Jeff Cheah
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.
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.
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.
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.
concern impact major might people rather risk saying stay tech
There is a lot of concern about Cisco's earnings. Rather than risk major disappointment, people are saying it might be better to stay out of the market. And because it is a bellwether stock, Cisco will have an impact on other tech stocks.