We're coming close to a heavy reporting season. We will start to hear positive or ... more than likely negative surprises like what we saw with Computer Associates earlier.
More Quotes from Jeff Cheah:
There is a fundamental sentiment change, aside from that nothing has changed. Sentiment was very bearish yesterday and you could attribute that to nervousness. I expect a roller-coaster ride for another two-to-three weeks. I'm bullish but I don't expect it to be a smooth ride.Jeff Cheah
If they were to cut rates, it might endorse the view that the Fed believes inflation is not a problem. And that can be a dangerous game.
Jeff Cheah
Overall it does suggest that labor market conditions are very tight still and the Fed probably still has one more tightening to do, because recent rhetoric suggests monetary policy will get more and more data dependent.
Jeff Cheah
That kind of news will spook the market and we will hear more of it because we're at the peak earnings reporting season.
Jeff Cheah
There is a lot of concern about Cisco's earnings. Rather than risk major disappointment, people are saying it might be better to stay out of the market. And because it is a bellwether stock, Cisco will have an impact on other tech stocks.
Jeff Cheah
You have to believe the productivity trend is very real, but at one point will it begin to taper off That's a question financial markets and the Federal Reserve have been looking at very closely.
Jeff Cheah
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