Joseph Battipaglia
Joseph Battipaglia
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,
endurance growth momentum move rates strength underlying
There's ongoing, underlying strength in the economy, and that's important because as rates move higher, the durability of growth and the endurance of the momentum is very important for investors.
clearly momentum players positive regularly rising stocks
The Nasdaq clearly has a positive tone. It's got momentum players back in a big way, going in and out of these stocks at regularly rising prices,
clearly dollar earnings economy europeans hit inflation itself japan market momentum positive proved rates start struggling
The economy has proved itself to be vibrant. Inflation is clearly in the bottle. The dollar is back on track. Japan is struggling again. The Europeans want to get out of recession. Rates don't go up in that environment. We've got a market that is going to go off of earnings with a lot of positive momentum and start to hit new highs.
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,
brazil economy emerging markets seeing
The real story is how well the U.S. economy is performing, ... Brazil is important, but I think we're seeing the end of the emerging markets crisis, not the beginning.
concerns economy expanding improve mixed number raising result retail sector services
Today's ISM services number was a disappointment. The economy can't improve if the only sector expanding is the consumers. And now the mixed retail result is raising concerns there, too.
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.
economy fare february happens iraq january market move rest tone
What happens with Iraq is very important in January and February to pretty much set the tone for how the economy will fare for the rest of the year. So when we have that answer, then you can get your market direction. In the meantime, you essentially move sideways.