50 Quotes by David Joy
- Author David Joy
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Rate hikes don't have to mean the death knell for tech spending. Fundamentals are still strong.
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Normally, you buy back a lot of stock when you don't think there's any reason to invest in your own company, ... Parsons hasn't ruled out Icahn's suggestions, but it's clear he wants his flexibility.
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Normally I'd say it's just a number but I think it's relatively important this time around. If we break through 11,000, it might be indicative of a general feeling that the economic expansion is more broadly based.
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You might have a situation where the Fed raises rates, modifies the language a little bit but intends to keep on going. If the market assumes that it's one more and done that might be a misread.
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The upshot of the process is that one partner will be left. We're keen to get it resolved as soon as possible.
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They profited from that last year, and it looks as though corporate America is positioned to do the same or more this year.
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There seems to be a wide disconnect between the headline growth numbers and individual perception about the relative health of the economy.
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Stocks in the financial and consumer discretionary sectors look particularly vulnerable as the perception is that inflationary pressures will keep mounting and the Fed is not done with raising rates.
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They will probably have to make some estimations.
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