Jeff Kleintop Quotes (27 Quotes)

The Christmas Price Index reflects the economic trends that we have witnessed during the past year,

Overall, following the statement, the market is fairly clear that the Fed will keep raising rates by a quarter percentage point at each meeting through the end of the year, ... What the market is less sure of is what impact this will have on the economy.

Oil prices are slipping, and that's generally good news for the market.

When the economy is in recession, investors generally put their money into assets like gold, as opposed to buying assets like stocks, ... Gold is much more popular during recessionary times.

Solid earnings reports are helping to put in a bit of a floor in the market. But the sensitivity here to the economic data given the question about the outlook for Fed tightening, that seems to be the overriding influence.

Stocks are pretty flat, which I think is positive considering the litany of potential inflation risks mentioned in his (Greenspan's) testimony.

You still have a lot of uncertainty, and the jobs report tomorrow, which will set the stage for what the Fed could do. You're just not going to see a lot of buyers in the market ahead of that.

By the fourth quarter, we'll have better clarity on the presidential election, we'll know more about interest rates, about how the transition of power in Iraq has played out, and hopefully, oil prices will be under control.

The market is really looking forward to rate hikes being done. We typically get a 3 percent bounce in the six weeks ahead of the last hike.

The fact that inflation picked up and caused the Fed to keep raising rates was (partly caused by) a hurricane-related surge in energy prices. There was a lot of worry created around mother nature. It threw everybody for a curve.

We've already seen individual investors showing some signs of interest in the fourth quarter, and something like Dow 11,000 just increases that interest. This week could be the shot in the arm people need to really get back in again.

The abundance of cheap labor in countries such as China has contributed toward increased pressure on U.S. manufacturers to outsource their unskilled labor overseas, and evolve toward higher skilled areas, to maintain profitability, ... Unfortunately, the unskilled maids haven't managed an increase in price for their services in many years.

Technically, the market still looks pretty good despite the light volume we've seen this week. But we're probably not ready to break out above this level until we get a better read on when the Fed is going to be finished up raising rates.

While today's news is very positive, I think the market is likely to remain caught between very good economic data and the worry that things aren't going to get any better from here. I would expect us to continue being pulled back and forth in this trading range we've been in for most of 2004.

Nobody wants to get ahead of things. The stuff that could happen later in the year could be creeping into things now, which is keeping us flatter than I would've liked.

I think we're at a point where the data coming in is good and robust, but not strong enough to suggest things are overheating. The forward-looking data seems to indicate the same.

Not only are avian flu fears and fuel costs driving prices higher, but gold prices are also on the rise. Meanwhile, wages for skilled laborers are struggling to keep up with rising expenses.

No doubt a fall in energy prices makes his job over the next 12 months easier.

The abundance of cheaper labor in countries such as India and China has resulted in pressure on U.S. manufacturers to outsource unskilled labor, ... As a result, the cost of skilled dancers has steadily increased while the unskilled milk maids haven't managed an increase in pay for their services in many years.

It's not a sector play. There's no real huge leader like tech was in the '90s. It's about finding the right company with a compelling story.

What he's coming through very clearly and saying is we will probably pause soon but don't assume we're done because we pause. ... But I think the market is just reacting to 'Hey, hey, Ben said we might be done soon'. Whenever you take a little uncertainty out of the picture, well, the market is going to like that.

All of these things point to an improving environment for stocks, but the outlook for the year remains flat, ... I would think the SP 500 will trade in a range of about 1,075 to 1,125 until the fourth quarter.

Today (Wednesday), a lot of people are on the sidelines, but I think generally investors are beginning to return to the market after they were vacant in the first three weeks of the year, ... Mutual Fund inflows have shown that.

It may be a little bit of a buyers' strike ... if we do get a strong (payroll) report tomorrow, it suggests the Fed is going to have to be more aggressive.

An investment in the true cost of Christmas would have yielded a better return than the stock market over the past year. However, the true cost of Christmas hedge fund has yet to be created.

There is disappointment in the stock market that they gave no sign that they're any closer to being done.

The impact of the report is pretty much neutral for the stock and bond markets because the numbers were pretty much in line with expectations.