The mood in the stock markets is constructive and today's report, showing that inflation remains benign, is helping to take away some fears of further aggressive rate rises.
More Quotes from Subodh Kumar:
Cost cutting has improved operating margins, and earnings have come in above consensus. The strong companies are getting stronger.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
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
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
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
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