Joseph Battipaglia
Joseph Battipaglia
caused change economic environment few figure good holding katrina months next people trying
You have some good economic data, but I think everyone is still trying to figure out what the post-Hurricane Katrina environment is like, ... For now, the fundamentals look strong, but that could change in the next few months as the distortions caused by Katrina come through in the economic data, and that's what has people holding off.
deliver good numbers profit stocks surprising tech temporary
Going into this week, there were a lot of expectations that the tech stocks would deliver good numbers. As those numbers come out it's not surprising that there would be some profit taking. It's a temporary phenomenon.
consumers flexible good government power quarter rest retail sector spending stocks strength strong
The government contributed to that strength by spending more. Retail stocks had a good first quarter because with the strong economy, consumers had flexible spending power. The retail sector still has the power to outperform for the rest of the year.
christmas coming consumer drought election forget good group home last means might retail spending street tough wall worried year
I like the retail group as a whole because now Wall Street has soured on these companies, ... They're worried about the consumer vitality. But don't forget we have an election coming up in November. That actually stirs confidence, interestingly enough. This could be another good Christmas season. Also this summer, we may not see a drought for most of the country, which means people's spending on home and hearth might be a little better than it was last year when it was so tough outside.
easy good huge major quite run upside year
I don't think there's a huge upside in the major indexes after the run we've seen. But there are still good opportunities out there and through the first quarter, it just won't be quite as easy as a year ago.
challenge current good news quarter
I think the good news is that the current quarter is OK, and the challenge is going to be what comes next,
good lower recent room start trading
It's a good start to the quarter, ... We're at the lower end of the recent trading range, so there's probably more room to gain.
build lows momentum seen steadily stronger
I think we've seen the lows and we're steadily going to build momentum for a stronger market,
action bad company difficulty few gains last looks major market news point service shocks
We have a lot of difficulty with the telecom service sector, ... It looks like the bad news is localized in that company and that sector. We're at a point where most of the major shocks have been had and the market action today, after the gains over the last few days, is very constructive.
dollar gold safety
I think gold is not the right place to be right now. The dollar and U.S. Treasuries are now the safety valves.
dollar gold safety
I think gold is not the right place to be right now, ... The dollar and U.S. Treasuries are now the safety valves.
move neutral opening point quarter rally rest stance
I think it is a quarter of a point move up, but a neutral stance by the Fed, opening up the way I think for a big rally for the rest of the year,
continue fed few lower news next oil prices raise relief trading weeks
We continue to be in this trading range, at the lower end right now, ... The only catalysts that can get us out of here in the next few weeks is some relief at the pump, lower oil prices and news about how much the Fed is going to raise rates.
cap leading market names
When you look at how the market is trading, the big cap names in the right sectors are leading the market,