John Davidson
John Davidson
companies earnings good maybe negative percent positive range stock straight strong summer tone trading
I think we're in a good earnings season. So far, of the S&P 500, 139 companies have reported. Over 60 percent have been upward surprises, only 8 percent of them have really been negative surprises. So we're in a strong earnings season. That's good for the stock market, ... I think the market's in a trading range right now. I don't think it's going straight up from here. I don't think necessarily we're going to get a big summer rally, but maybe a positive tone to the market.
continued economy fact greenspan growth market maybe move people raise signs until volatility
I think we have continued volatility until we really see signs of growth in the economy slowing. When we see the economy slowing, I think that people will be more comfortable with the fact that maybe Greenspan is not going to have to continue to raise rates, then I think the market can move ahead.
economic embraced looking market maybe might street stronger ties
Maybe the market is looking for a stronger economic team. O'Neill has not been embraced by the Street and someone with stronger ties might make them happier.
assumption beyond certainly current economic environment looking maybe people report
I think people are looking beyond the unemployment report and into the future, ... The current economic environment is certainly weak, but maybe there's the assumption that it will get better.
corporate earnings expecting leads market maybe rebound six
The market typically leads earnings rebound by about six months. Maybe market participants are expecting a fourth-quarter rebound in corporate earnings.
affect discipline gold helped maybe players price seeing seen support
You've seen how OPEC has had some discipline, and that's helped to support the price of oil, and maybe the gold players are seeing that if they use some discipline as well that that may also affect the gold price and their business.
earnings expecting growth market markets news reacting
There's a lot of earnings and other news out there today, but I think the market is particularly reacting to Greenspan's testimony, ... The markets are expecting a little more growth because of his comments, but that may not be as much as what they wanted to hear.
committing grow investing investment lead market next people rent retirement saving technology waiting
If you're out of the market you need to be in the market if you're saving for your long-term retirement or for other elements, ... People have been waiting on the sidelines, not committing as much new money. I don't think you should be investing next week's rent check, but your long-term investment is going to really grow in the market, and technology will lead that.
fourth positive quarter
I think the fourth quarter will be positive on earnings.
claims key level
I think that's a psychological level more than anything else, but what's key is that the jobless claims are climbing.
given people tried
He's always given of his time. He's always tried to do the right thing. Going to Italy, I think this thing may become a big story over there if people want to make it a big story. Otherwise, it shouldn't.
environment materials natural people seem toward
In this environment, people seem to have gravitated toward natural resources, utilities and materials and away from technology.
belief bouncing claims few fully market morning next number pick rally reflected seeing seen start weekly
The market has now fully reflected its belief in a second-half pick up, but for the kind of rally we've seen to continue, you're going to need to start seeing evidence. The weekly jobless claims number this morning is a start, but it's not enough. We could be bouncing around in the next few weeks.
david involved process
David is very hands-on. He's as much involved in the process as we are.