Russ Koesterich
Russ Koesterich
earnings ending factors fighting good hand robust sort year
We're just winding down the year, ending the year with these sort of small, middling gains, which to me makes sense because you've had opposing factors this year. On the one hand you've had good earnings and a robust economy, but on the other hand, you've been fighting the Fed. The two canceled each other out.
amazingly barrel clear data drops economic fed friendly helped language market neither oil seeing unless
I think, overall, we're seeing some friendly economic data that helped the market out. That said, there's not a lot of catalysts out there that could take us much higher, unless oil drops $5 a barrel or the Fed comes out with amazingly clear language in its take on the economy, and neither of those are likely.
distorted energy handle helped housing hurt retail spending trying warm weather
Things have been very distorted by how warm the weather was in January. To some extent, we're trying to get a handle on how it impacted the economy. It helped retail spending and housing starts, but has hurt energy prices.
accompany change fed language neutral people policy question waiting
People are waiting to see what kind of change in policy language is going to accompany that statement. The question is, if the Fed is approaching (a neutral stance), how will its policy change in 2006?
japan nearly parts people resilience seeing selling tech tells
The selling you're seeing is nearly all on the tech side, and you're seeing resilience in other parts of the market. This tells me that people aren't panicking over Japan or anything else.
area ask company forward less profitable
You have to ask yourself, if you sever the profitable part of a company from the part of the company that's less profitable, what do you have left? To me, this is an area that still has to develop, and I don't necessarily know if I would go forward with that.
break held market news range seen stuck trading
There are still some significant headwinds out there, but I have to say, the market has held up pretty well. But ... we're still stuck in the same trading range we've seen for months, and it'll take better news to break out of it.