Tech has been hit hard this year, with the semiconductors down nearly 40 percent, so we've been seeing this rise recently. What's in question is whether this is just a much-deserved bounce after the weak performance, or if this is something more. It's not clear yet.
Doug Sandler
The Fed announcement was no surprise, so you're seeing the market breathe a sigh of relief.
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question hard performance weak rise
We are sort of due for a little bit of a digestion. When you run a marathon you have to rest a little bit. Ultimately the market will head a little higher.
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There's a lack of catalysts today, and so we're trending downward. I think the market has discounted a lot of the bad news, but there are still some day-to-day fears about interest rates, about the presidential election or about terrorism.
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The market has been in this range of 1,050 to about 1,170 on the S
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I think we are probably overbought here, and there's going to be a pullback, although stocks should move higher through the end of the year.
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We've run into some pretty significant resistance.
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We're calling it a reverse conundrum. Markets are looking at growth as a bad thing, but if growth is too slow that's bad too.
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Stocks are not expensive. There's a lot of bad news the market has shouldered. I don't see inflation as a threat at all.
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Stocks are not expensive. There's no reason to believe we can't go higher. I don't see inflation as a threat at all.
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