Market players are very reluctant to make strong commitments until they get signals that operating earnings are starting to improve.
More Quotes from Subodh Kumar:
In the very short term, you are seeing a response to the economic news, and that can give the market some buoyancy. Whereas in September and October, the above-consensus earnings enabled the market to perform better than it traditionally has, in November the focus switches to the economy.Subodh Kumar
In the last few months, there's been a lot of volatility. I look for less volatility in the markets. And I look for the leadership to evolve to the following areas -- where the rates stay in check - the banks, the utility stocks - those do very well, and financial services and utilities. And the second area that I would look for to do better would be companies with real earnings but relatively low multiples, and examples of those are the communications companies and semiconductor stocks,
Subodh Kumar
The main focus today is the Fed. After the decision, investors will once again focus on the fundamentals of the U.S. economy and on company earnings.
Subodh Kumar
Until we get clear signs of a corporate recovery, the market is going to remain is this tight trading range.
Subodh Kumar
If you look at things in a one- or two-year time frame, they are not as bad as they seem but executives are emphasizing the here and now.
Subodh Kumar
The Fed is close to finished with raising rates. Inflation in the U.S. is moderate.
Subodh Kumar
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