If you look at which sectors have done particularly well this year, including home builders, mining, energy, other commodities, they have done well because of unusual factors, ... such as the still historically low interest rates, which are already rising, or demand from China for commodities.
More Quotes from Barry Ritholtz:
We've got a nice snapback today. We got shellacked over the last few days, so it's not surprising to see a little bounce back.Barry Ritholtz
If the Fed stops raising rates, the market will blame them if inflation gets too hot, and if they keep cranking up interest rates, then the real estate market is at risk. It's a somewhat challenging environment.
Barry Ritholtz
It was a matter of time before the core rate started feeling the effects of increased energy and commodity prices, ... Maybe it's aberrational but maybe it's the start of something more significant.
Barry Ritholtz
Four years after the bubble popped, I can't believe that companies still legitimately have enough fat that they can cut heads and that it would not affect them going forward,
Barry Ritholtz
There's still upside in tech but it's going to be more grudging and grinding and choppy, it's not going to be this moon shot that we saw a year ago.
Barry Ritholtz
The big issue is decelerating earnings growth. Earnings will still be higher but the ideal time to buy stocks is when earnings go from awful to not so bad as opposed to going from great to good,
Barry Ritholtz
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