Timothy Ghriskey
Timothy Ghriskey
april conditions growth including likely number picking reflect second talked week
The most important read this week is the first look at GDP growth in the second quarter, ... A number of companies, including GE recently, have talked about April and May being tough, but conditions picking up in June, particularly the second half, and the GDP number will likely reflect that.
few market surprising trend
The long-term trend of the market is upward, but it's not surprising that we had a pullback for a few sessions.
basically dead half slow type volume wednesday week
It's the type of week where we're going to see slow volume and basically a half day Wednesday and a dead Friday.
calling correction healthy hear people run since
A lot of people are calling for a correction since we've had a pretty uninterrupted run since mid-November, and that would actually be healthy for the market, ... But when you hear everyone forecasting a big correction, it often doesn't happen.
continues fed goes inflation influence oil
Oil continues to be a big influence on the market, and the Fed is as well. As inflation goes, so goes the Fed.
avoid buy company small stock
The company he envisions is small enough to avoid antitrust issues, but big enough to be a real player, ... I'd buy stock in that kind of company.
financial major obviously risk stocks worse
Obviously very leveraged to the financial markets, ... When stocks are going up, this stock should do better than the market. When stocks go down, it should do worse than the market. So, there is risk here. But, it's the most diversified of the major broker dealers.
break crude flat likely market oil result sideways stay stock time unless
Oil is likely to stay in the $40's and that is likely to result in a flat stock market for the time being, ... Unless crude can break out of that range, I think we're likely to see sideways trading.
aggressive alan basis fed greenspan happen knows market needs points prepare raising rates start talk
The talk is that the Fed is going to be getting more aggressive soon, and may start raising rates by 50 basis points at a time. It's not going to happen this time, because (Fed Chairman) Alan Greenspan knows he needs to prepare the market for this in advance.
almost group
Almost the whole group now is in play,
above certainly crude dominating market moved oil pulled today
Oil is certainly dominating the market right now. Yesterday, crude moved above $60 but then pulled back by the close. Today you didn't see that.
bad economic good interest market number people worry
The market can find something good and something bad in every economic number. If the number is strong, that's a positive, but if its really strong, people may worry about interest rates.
attention captured dire few issues last market trading weeks
The issues that have captured investors' attention over the last few weeks have cooled down, but they're still there. We don't think the market is in a dire situation, but we don't think we're in anything other than a trading range.
although fear federal forward inflation might months next numbers people reserve week worrying
The fear that's out there is forward looking, with people worrying about inflation and what the Federal Reserve might do in the months ahead. So the numbers next week won't help, although we do get a lot of earnings, which is good.