The deceleration in earnings growth is a significant concern. Techs are up against steep comparisons in the second half of this year and the first half of next year,
More Quotes from Ken Perkins:
There's a feeling that consumer spending could certainly get a boost as the first Fed rate cuts will have been in place for 8-9 months. And people will start receiving their checks from the tax rebate. Things are looking up for the retailers. I think the comparisons are looking better too.Ken Perkins
If the price of oil remains between 45 to 50 a barrel, that's not a good sign especially if we experience a very cold winter. Heating oil prices will go up and that's likely to dampen consumer spending during the winter months.
Ken Perkins
That's well above the long term average of 54 percent beating and 42 percent falling short of expectations.
Ken Perkins
Weather transitioned from a major negative in May to a major positive in June,
Ken Perkins
There's a deep concern that if this thing goes on, a lot of Christmas merchandise hitting the docks can't be transferred.
Ken Perkins
The tough head winds are definitely there but March was still a decent month,
Ken Perkins
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