If we get any guidance that the Fed would be guiding toward a neutral stance, that could be a (positive) impetus, ... The economy is slowing but not recessing and the Fed will be there if necessary.
More Quotes from Barry Hyman:
I was encouraged by today, but not overly so. We need to see a lot more than one day.Barry Hyman
The problems are the same Interest rates are high, and the economy is strong. It is affecting those sectors that are credit sensitive.
Barry Hyman
As long as we continue to see good earnings and the reaction to good earnings positive, then you will see Nasdaq as the sector of choice. The Dow is being weighted by this conflicting (economic) story -- stronger consumer spending and OK-looking inflation numbers. But the tech (sector) is merrily rolling along.
Barry Hyman
It's a transition market. I think (last week) indicated the willingness to look forward at the upside of the story. There isn't a lone voice expressing positive attitudes toward technology but this week indicated the ability of the market to look forward.
Barry Hyman
It's nothing more than rotation. I think people on Wall Street can no longer walk and chew gum at the same time.
Barry Hyman
There is a fear that we'll have a negative surprise and inflationary fears are keeping people on the sidelines, ... There's no real great impetus out there to drive the market.
Barry Hyman
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