Sam Stovall
Sam Stovall
approach cautious companies earnings high investors larger quality surprised toward
We would not be surprised to see investors take a more cautious approach by gravitating toward larger companies with high S&P earnings and dividend quality ranks.
further might
We might have a little further to go on the downside,
bit fed interest investors meet next possibly profit raise taking week
Possibly we could see a little bit of profit taking because investors had been anticipating that when the Fed does meet next week that they won't raise interest rates,
although clearly regard today woods
I would regard today as positive, although we're clearly not out of the woods yet.
allow bull correction digestion gains maintain markets order percent require
Many say this much-needed digestion of gains is long overdue, as bull markets typically require a correction of more than 10 percent in order to allow the bull to maintain its upward tendencies.
based expected reports retail sales strong
These reports are expected to be pretty strong based on July's retail sales figures.
adopted approach care consumer defensive either found health investor market november returns worth
An investor who was long the market from November to April, but then adopted a defensive approach by rotating into either the S&P Consumer Staples or Health Care sectors during May through October, would have found ... that the returns were well worth the effort.
actual quality rotation
The rotation has more to do with defensiveness and dividend yield, than with the actual quality of the investments themselves.
advances goes market months price renewal setting
There's a lot more uncertainty now, ... And we've had 18 months of price advances -- that could just be setting us up for a renewal of the defensiveness the market goes through during the May-Oct. period.
digest gains move order
You need to digest some of those gains in order to move higher.
cancel good investors month news rally reason temper
The month of May was a counter-trend rally where investors used good news as a reason to temper their bearishness and cancel out short-selling contracts.
beaten best christmas december four horrible market months past retailers says season year
December is one of the best months of the year for retailers. Of the past four years, retailers have beaten the market. Typically, everyone says the Christmas season is going to be horrible and they don't want to be in retailers, only to see December do very well for the market and even better for retailers.
begin cut died exposure far knowing note obituary percent raise reading stock
As far as the Merrill Lynch note is concerned, it's like reading an obituary that someone had died without knowing that they were still alive. Merrill cut its stock exposure to 45 percent, but why was it at 50 percent to begin with? That should raise some concerns.
bull cyclical market october since
In this cyclical bull market that's been in place since October 2002, we haven't had a big pullback.