Sooner or later it will be appropriate for the Fed to pause, regardless of whether or not we get a signal in that direction. There is no reason for them to invert the yield curve. Inflation is contained and the economy is okay. I don't see a reason for them to take the risk of keeping raising rates.
More Quotes from Subodh Kumar:
The Fed is close to finished with raising rates. Inflation in the U.S. is moderate.Subodh Kumar
For the market to head higher, investors need to have confidence that oil prices will stabilize and move below 40 a barrel. If oil stays at current levels, the market will be tentative at best.
Subodh Kumar
I think we're in a situation where some earnings will miss (forecasts), but not as much as some bearish people expect, ... If this is the case, the SP 500 is likely to remain in the trading range it's been in.
Subodh Kumar
We expect better performance in the second half to follow a lackluster first half, with more uplifting assessment in the markets of issues like inflation, Fed policy, politics and earnings.
Subodh Kumar
Some of the content parts of the media side like Seagram and Thomson seem to be benefiting so it seems fairly wide spread,
Subodh Kumar
Until we get clear signs of a corporate recovery, the market is going to remain is this tight trading range.
Subodh Kumar
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