Sam Stovall
Sam Stovall
affected areas fourth likely production raise rebuilding
Yet the rebuilding of affected areas will likely raise production in the fourth and first quarters.
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,
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.
balance demand energy feeling good seem soon start stocks supply
Our feeling is that energy stocks will be good performers, ... While inventories seem to be in balance with demand now, we see that as being temporary, that demand will soon start to outpace supply this summer.
data economic fed feeling improvement interest investors itself lower
I think investors want to see improvement in the economic data so that the feeling is that the Fed doesn't need to lower interest rates. That in itself is a positive.
good investors january month start
I think investors are a lot like dieters. They look at January as a good month to start anew.
buying companies food indicate inside longer outside people preparing rather restaurant
Some of the restaurant companies are doing exceptionally well and I think demographics, longer term, are going to indicate that more people are going to be buying their food outside the home, rather than preparing it inside the home,
anticipate concerned difficult earnings events interest investors rates third trio weak
While it is difficult to anticipate unanticipated events, investors could become increasingly concerned about oil, earnings and interest rates -- the trio of trepidation -- in the traditionally weak third quarter.
continuing economy expand sure
We are really not sure if the economy is continuing to expand or continuing to contract,
candidate care health kerry pressure viable
The re-emergence of Kerry as a viable candidate has also put some pressure on health care stocks.
breath catch chances extended happen history possible sideways whenever
History would say that, whenever we have an extended up-move, chances are you need to catch your breath and go sideways for a while. Is it possible that will happen now? Yes. Is it necessary? No.
aggressive bad basically believe bouncing condition deeply earnings easing fed industries interest last likely lower market policy rate remain result sensitive ten top tread water year
Basically the top ten industries were those that are economically sensitive and are bouncing back from their deeply oversold condition last year as a result of lower interest rates. We do believe the Fed will remain aggressive with its easing interest rate policy but we feel the earnings are going to be pretty bad for the first quarter, so the market is likely to tread water for awhile.
likely
If they don't do it tomorrow, they will likely do it in January.
fed further next questions rates turn
If the Fed lowers rates next week, the questions become 'How much further can they go?,' 'Is it effective?,' and 'Can the Fed really turn things around?,'