We're going to be looking for further evidence that it is a tight (labor) market, ... Or there has been some release on that pressure, but I think today's numbers tell us we had better expect the worst.
More Quotes from Liz Miller:
I'm very concerned about the bond market. I think we have money supply at double-digit growth for a couple of years -- that ultimately has historically led to inflation. I see through the next few months a chance that the bond market (will attempt to) nudge the Fed (to raise rates) again.Liz Miller
I think the first word of caution is It's not the kind of market where you need to jump in immediately on these downs. We've trained investors so much over the past decade and a half Buy the dip, buy the dip.
Liz Miller
I think we're in the middle of this painful period and we're just going to churn around for a while.
Liz Miller
Gillette has been off everyone's radar screen for a couple years. New management last year -- we saw (it) in the first-quarter numbers, finally seeing some benefit of that, ... Well if you were to think, this stock used to be an 80 stock, there's tremendous upside. Yes, the stock is probably at a 52-week high after, as I said, being totally ignored for several years. So I think what you're really seeing is the start of an uptrend.
Liz Miller
If we do see any slowdown in the market or any back-up from rates, the higher end purchaser is the one less likely to change their behavior and Tiffany benefits from that, ... Tiffany clearly has had an amazing run, so far, this year. We've held it for about year and a half now. I don't recommend this level at -- as entry point, but it's a great stock to watch and look for an entry point.
Liz Miller
One thing we are seeing is decent review in spending. The defense sector is definitely benefiting from that. Their business is improving, their stocks are doing well. My favorite is General Dynamics.
Liz Miller
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