Scotty George
Scotty George
basic bull capital commodity energy gains growth market material media metals precious pricing sensitive stocks trying wave
This is an 18-year bull market that is expiring. The bull isn't but the phasing is. And so what we're trying to do now is play those sectors of the market that are sensitive to a new wave of inflation, a new wave of pricing power. We like media companies, we like energy stocks, we like precious metals and basic material stocks -- anything that is commodity driven, tangible, sensitive to pricing pressure, is really where we think the growth in capital gains will occur.
assess august evaluate fed gotten interest market natural playing point raise rather whether
It's the micro management, the machinations up and down of interest rates, that has really gotten us to the point where we are now, rather than the market playing out at its own natural cycle. So the Fed today, I believe, will take a look back at the landscape, assess what they've done, and probably use August to evaluate whether or not to come back in and raise rates.
determined quality successful third
I think we're going to see a successful third quarter, but it's going to be determined by the quality of the earnings.
earlier entering euphoric fix season spike tough year
I think that we're entering into a season of commonality. Earlier this year we had such a euphoric spike in different sectors at different times, and it was very tough to get a fix on valuation and fundamentals.
balance crisis events hold looking love market markets several value weeks work
Clearly, the market has been on hold with the events in Iraq, and we're now nearing a crisis deadline. Markets love to work with a balance of certainty. After several weeks of selling, we're now looking at some value hunting.
buying creating follow lifted seeing summer value
But more generally, we're seeing a follow through on a lot of the value buying that lifted us in the summer and it's creating some psychological support.
earlier few highs hit last market seen today weeks
I think the market today is just perpetuating the uncertainty we've seen in the last few weeks after it hit its highs earlier in the month.
base create longer market persist sustain
This lateral consolidation could persist through May. But that's not a negative. The longer the market can sustain this lateral consolidation, the more of a base it can create to expand.
guys high hold leadership market mean older period support tech term
I mean we've had a consolidation but we haven't penetrated any long term support levels, and so, as I said, we're in a period of commonality where traditional market leadership may take hold and make some of us older guys look a little better than the-you know, high tech performers.
certainly driven fed market reacting reaction seeing
Right now the market is not reacting to fundamentals but is driven by the psychological. That's certainly the reaction you're seeing after the Fed news.
market movement prefer though type violent violently
Lately, the market has been spiking violently up and violently down. And though we'd prefer it were different, this type of violent movement is appropriate right now. The market has come a long way.
broken eight general last market positive remains resistance seeing six technical trend
The market has been in a lateral consolidation for the last six to eight weeks, and we're seeing a continuation of that. Having broken through some technical resistance levels, it is appropriate that there has been some profit-taking. But the general trend of the market remains positive longer-term.
confidence crisis investors northern prices safer stocks
With the confidence crisis in the U.S. markets, investors will look to more conservative stocks as prices consolidate, and Burlington Northern is one of these safer stocks.
expanding investors key lost near patience stocks sums technical testing
We're really testing the patience of investors who have lost substantial sums of money. We're also testing technical levels, with stocks expanding or retracting as we get near key lows.