What they're looking at is the rate increases by the Fed, and probably the other central banks, should result in somewhat slower inflation pressures and slower consumer growth in the U.S., which markets would like to see.
More Quotes from Subodh Kumar:
Generally, I don't think it will be a damper on earnings. There are some things you can measure like near-term revenue loss because restaurants have been shut off and stores have been shut off. But if you look at previous disasters like Hurricane Andrew, the expenditure on replacement of homes and capital goods and spending on things like supplies for workers was quite strong.Subodh Kumar
Companies and analysts were badly burned in 2000 and 2001. So now if there is any negative news, it behooves companies to get that into the marketplace earlier,
Subodh Kumar
The market is showing the classic signs of the beginning of a cycle, a new bull market.
Subodh Kumar
Market players are very reluctant to make strong commitments until they get signals that operating earnings are starting to improve.
Subodh Kumar
Usually, the groups under stress bounce the most at a bottom since they would benefit the most when the economy improves,
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
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