The techs on balance have put in a fairly decent performance, ... We're getting a sense that there's a bottoming going on in the semiconductors. Some of the bellwether companies like Cisco are talking about a better environment in the future.
More Quotes from Joseph Battipaglia:
My guess is you're going to get back into this sort of stutter-step approach to the market. Clearly the leadership here has stalled after the run-up from the October lows.Joseph Battipaglia
I think you have a lot of people reluctant to make commitments ahead of that payroll number,
Joseph Battipaglia
I think the good news is that the current quarter is OK, and the challenge is going to be what comes next,
Joseph Battipaglia
Clearly, it's all about the economy. The consumers are doing their part . Now the business side has to come along, too. That's why today's soft ISM number was so disappointing.
Joseph Battipaglia
Lower interest rates increase discount financing for consumers. Also, the Republican sweep of the Senate and the House last week is construed as a positive because it's also seen as a win for market-friendly fiscal policy ,
Joseph Battipaglia
This earnings season, instead of getting a ripple effect on positive news, you're seeing that particular company's stock react, but very little spillover, like with IBM today. The negative news has tended to spill over to the rest of that sector, and in some cases, the broader market.
Joseph Battipaglia
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Based on Topics: Balance Quotes, Future Quotes, Performance Quotes, Sense & Perception QuotesBased on Keywords: bellwether, bottoming, semiconductors, techs
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