We're in a funny space. Too much good news is not good news because the market worries about the Fed.
More Quotes from Stuart Freeman:
I think today's action is a little bit of profit taking. There's some consternation in the bond market. We think this market in equities is going higher later this year.Stuart Freeman
You've got good home sales figures showing some decent economic growth, and you've got crude oil prices up. You put those together, and that creates worries that the Fed is going to keep going on rates.
Stuart Freeman
Anything that makes investors feel comfortable with the inflation level and the way short-term interest rates are going is going to help the market.
Stuart Freeman
We think right now we're looking at a range in the intermediate term between the current level to 8,000 and down into maybe the 7,300 area. At the same time, as you look at those levels to the 8,500 target we see for next year, there's still good opportunity for gains.
Stuart Freeman
We've been thinking that the Nasdaq, as an index, would likely outperform a lot of the other indexes this year. It's a lot about secular growth. We're seeing growth in technology. And for the most part, it's been a tech year.
Stuart Freeman
Certainly, part of the market's worries right now stem from oil. You still have instability in the Middle East, and there's a fear that prices will move dramatically higher.
Stuart Freeman
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