Jim Paulsen
Jim Paulsen
bit earnings reports
What little earnings reports we have had have been a little bit more disappointing than outperforming, for the most part, so that's weighing.
certainly core fan fear inflation large pressure
You've got some real core pressure in the pipeline. By and large that certainly is going to fan a little inflation fear here.
anytime consumer few last
In the last few months, the consumer statistics, in aggregate, are better than anytime in the (recovery).
consistent fairly fed number price running theme tied
There's a fairly consistent theme running through all of the markets, which is tied to the idea that the Fed is nearing the end of the tightening cycle. It was the combo that the Fed's done and the import price number was down.
causes economy fed hinges whether
It all hinges on whether the Fed tightening slows the economy and causes a recession.
central dramatic entire front global growth impact profit reasons recovery remained slowing strong trends
One of the central characteristics of this entire global recovery is the outsized impact of these new economies. That's one of the reasons why growth has remained strong in the U.S. and profit trends have been remained positive, so if there is any inkling that we are at the front end of slowing that down, that's going to make a dramatic difference.
alert rallying terror
I think that (the terror alert rumor) was most of this ... it's already rallying back.
commodity cyclical happens hit interest people prices question rates start stocks whether
You've got commodity prices and the cyclical stocks getting hit and all of that happens when people start to question whether the interest rates are biting.
certainly fan fear fed forward inflation longer people watch
That certainly is going to fan a little inflation fear here, and going forward it will at least keep people on the watch a little longer on the idea that the Fed is going to keep tightening.
cheaper continued earnings faster growing stock
Earnings have been growing faster than stock prices. We've continued to have a cheaper and cheaper market.
certainly market rate reflecting throughout
You certainly see a market throughout which is reflecting rate worries.
absorb ahead assessment continue economy higher investors jobs might next pause rise solid stocks week
We might see a little pause for assessment on stocks next week ahead of the jobs report. From now on, stocks will rise only if investors continue to believe, just like the Fed, that the economy is solid and may absorb higher rates.
fed raised seemingly thus yields
Thus far, the Fed seemingly has no bite. Normally, when the Fed has raised short-term rates, long-term yields have also risen. Not this time.
bull globe huge looking market markets outside sitting states thinking united united-states wherever
When I look around the globe outside the United States I see nothing but a huge bull market going on wherever you look. We're sitting here in the United States and looking at flattish markets and thinking things are not so good.