The reaction to the Fed minutes was very emotional, and it is still undecided whether 5 is the end. We look at gold and commodities. These are inflation indicators.
More Quotes from 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
The market is waiting to see the earnings because that is your first catalyst in the market that can possibly dispel the slower-than-expected growth that the market is anticipating. The market is very split today. People are just looking for reasons to own some things and reasons to sell others.
Barry Hyman
I think to an extent we've taken for granted the last few Fed meetings, and next week's meeting takes on more significance, ... A quarter-point hike is pretty much expected, but I think the relative bumpiness of the recent economic news could mean the Fed will indicate that rates may not rise as aggressively last year as people had been thinking.
Barry Hyman
Anybody who has all their money in one sector is making a big mistake,
Barry Hyman
Now we're going to see more pressure on the bond market and an already stressed equity market. There's a lot of concern and we're seeing some defensive investing. This number shows that the Fed will continue raising rates. Numbers like this show that we're in store for two more hikes.
Barry Hyman
We have an aggressive Fed and an aggressive Justice Department thinking perhaps that all things technological, that have a dominant share of the market, could be considered anti-competitive.
Barry Hyman
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