I don't think the market can make a lot of headway until we get an idea of the depth and breadth of the profit recession.
More Quotes from James Awad:
The market doesn't like uncertainty, so it's going to try to figure this out. We could see investors using this opportunity to do some weeding of their portfolios,James Awad
The company has already talked about selling its credit card business. If that happens, it could give a real pop to the stock,
James Awad
It's not going to make or break a bull or a bear market, but it's a negative.
James Awad
You clearly have to keep watching this inflation issue. You do have to have some concern that, based on history, the current amount of economic growth should lead to inflation. But if you talk to companies, it's not happening.
James Awad
If you're buying for 20 years, you want to go for growth,
James Awad
I think you're locked in a trading range. The good news is, the consensus for now seems to be that if the Fed's done -- if it's not done, it's very close to being done -- so that relieves the interest rate pressures from the market. And you've ended the negative pre-announcement season. You're going into the regular announcement season, and earnings should be pretty good. And that should support the market,
James Awad
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