Roy Blumberg
Roy Blumberg
assumption fed monetary people policy suddenly
There's suddenly this new possibility that the Fed will tighten monetary policy again. Most people were going on the assumption that that was not going to happen.
gains hold market pulled stocks technology
Technology stocks weren't able to hold their gains and the market pulled back.
discount energy fact higher inflation market people picking prices rate reality regular sign slightly start taking though willing
Even though the regular rate was slightly higher than expectations, right now the market is willing to discount the fact that energy prices are an important component. The reality is, it's an important sign and inflation is picking up. The fact is, people have to start taking a look at energy prices as a concern.
bonds caps economy event large means next number potential time
The next potential market-moving event is the PPI. Every time there is a number that suggests the economy is too strong, bonds come under pressure, which means large caps come under pressure.
band couple downside last market rubber stretched upside
We really got the market oversold after the last couple of weeks. We have stretched the rubber band enough on the downside to get some upside bounce.
concern economy fed good piece reason slow tech
There is good reason for concern because a good piece of the old economy is not doing so well in this environment. But it is going to take a lot from the Fed to slow the tech rally.
small value
There is much more value in small and mid-cap stocks. Their multiples are much more realistic.