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Dow Jones Industrial Average, Stock, S&P 500, Stock market, Nasdaq, Wall Street posts eight straight weeks of gains—Here's what's next for tech

. The NASDAQ 100 IS GOING FOR ITS NINEth STRAIGHT WEEK OF GAINS AS THE BIG TECH TRADE TAKES OFF. Our NEXT GUEST SAYS: THERE’S. Still, SOME MOMENTUM LEFT IN THAT TECH RALLY LET’S BRING IN JONATHAN. JONATHAN AS LONG AS I’VE KNOWN YOU AND IT’S BEEN WELL OVER A DECADE. At THIS POINT, YOU’VE BEEN RELATIVELY BULLISH ON THE MARKET AND YOU’VE BEEN CORRECT. It’S GOT TO END AT SOME POINT.. Why ARE YOU STILL SO BULLISH gtgt? First OF ALL, THE MARKETS ARE DRIVEN BY ONE SIMPLE THING: THAT OVER TIME, EARNINGS GROW.. If YOU LOOK AT THE STOCK MARKET, WHICH HAS BEEN ON FIRE FOR THE LAST YEAR, IT’S KEEPING ALMOST PERFECT STEP WITH THE EARNINGS GETTING BETTER VALUATIONS FOR ALL THE MARKET GOING UP ARE NOT ANY HIGHER NOW THAN THEY WERE A YEAR. Ago. THAT’S, THE BIG STORY. I CONTINUE TO BE CONFIDENT gtgt NOW. Is IT THE TECHNOLOGY TRADE THAT’S DRIVING IT IT’S CALL IT 27 28 OF THE SampP 500.. We HAVE KNOWN THAT TECHNOLOGY HAS BEEN THE BIG DRIVER FORCE BEHIND THE MARKET FOR YEARS NOW, ARGUABLY OVER NOW.. What EXACTLY IS THE KEY COMPONENT OF THE TECHNOLOGY TRADE? Are THEY THE PRIMARY ENGINE OF EARNING GROWTH THAT KEEP THE RALLY GOING gtgt? I DON’T THINK SO.. If YOU TAKE A LOOK AT WHAT’S GOING ON THIS EARNING SEASON, CRAZY, NUMBERS., WE’RE, EXPECTING 500 REALLY BAD NUMBER A YEAR AGO IN CYCLICAL SECTOR, THE BANKS ARE SUPPOSED TO BE UP. 100 TECHNOLOGY IS SUPPOSED TO BE UP A MEASLY 30 TO 40.

We THINK NUMBERS WILL BE ON EACH OF THOSE GROUPS, BUT THE REAL SIZZLE RIGHT NOW HAS BEEN IN THE MORE ECONOMICALLY SENSITIVE OLD ECONOMY. Companies. WHAT’S, REALLY DRIVING THE LEADERSHIP IN GROWTH STOCKS AND TECH IN PARTICULAR, HAS BEEN WEAKER INTEREST. Rates. THE RISK HERE FOR THIS DPROET TRADE IS NOT THAT THEY DISAPPOINTED EARNINGS.. They WILL SHOOT THE LIGHTS OUT. The REAL RISK IS INTEREST RATES START TO RISE AGAIN BECAUSE OF CONFIDENCE IN THE ECONOMY, AND THEY DO LESS WELL THAN SON INSOME OF THESE OLD STOCKS gtgt. How MANY HIGHER WE HAD 1.77 IN LATE MARCH., A LOT OF PEOPLE SAYING 2, SHOULD BE SOMETHING WE GET TO IN THE NOT SO DISTANT FUTURE. gtgt. First OF ALL, I DIDN’T SAY: HIGHER INTEREST RATES WERE A RISK FOR STOCK MARKET.. They WERE RISK FOR GROWTH AND PERFORMANCE.. If WE SEE INTEREST RATES RISE, THAT’S, A GOOD SIGN THAT MEANS THE ECONOMY IS STRONG AND DEMAND FOR CAPITAL IS HIGH. That WON’T PLAY OUT. Well, IT PLAYS BETTER FOR VALUE STOCKS. What I EXPECT TO SEE IS A VERY STRONG EARNING SEASON ACROSS THE BOARD.. The FUNDAMENTALS ARE BETTER IN VALUE LAND THEY BETTER IN OLD ECONOMIES, STUFF IN MINING, METALS AND INDUSTRIAL COMPANIES AND OLD FASHION, BRICK AND MORTAR RETAIL.. All OF THOSE THINGS WILL PUT UP MUCH BETTER YEAR OVER YEAR, EARNINGS GROWTH.. What YOU NEED TO SEE IN GROWTH IS GOOD NUMBERS, BUT AN INTEREST RATE THAT’S, NOT RISING THAT’S, A VERY NARROW, TIGHT ROPE TO WALK.

What do you think?

Written by freotech

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Dow Jones Industrial Average, Stock, S&P 500, Stock market, Nasdaq, Wall Street Q 100 | NVIDIA | TAKE TWO | SALESFORCE (15.07. DAX Schlussglocke)