John Carey
John Carey
affected behind companies date earnings effect fed hold increases interest interested investors last later mergers next prices rate seeing stocks tend whatever
We have to get these interest rate increases behind us and the Fed did hold off this last time, but I think there's still a possibility of another rate increase later in the year. And that's weighing on investor's minds. Earnings have slowed down a little bit. The interest rate increases to date have had an effect and we're seeing some earnings disappointments at some companies and that has investors concerned. But on the other hand, we have the mergers and acquisitions that tend to buoy up the prices in whatever sectors affected from one day to the next and that will keep investors interested in stocks certainly.
ahead almost crest current cyclical euphoria group highly interest state strong
There is almost a state of euphoria for the group. We don't have a strong current interest in the group at this time. With highly cyclical stocks, they can crest ahead of earnings.
closely corporate earnings focus main people point quarter raise rates shift toward watching whether
I think the focus will shift toward corporate profits. Whether they (the Fed) raise rates a quarter point or not, I think it's not going to be the main focus of investors' attention. People are going to be watching the earnings pretty closely .