Stuart Freeman Market Quotations

The market is looking at that and worrying that inflation may be rekindling as the unemployment rate moves lower.

We're in a funny space. Too much good news is not good news because the market worries about the Fed.

There are a lot of features behind this market that are very favorable. Inflation news recently for August was very positive. Rates dropping have been a positive for this market and earnings still look good.

It doesn't look like inflation so far is accelerating. The market likes that because it worries less about the Fed raising rates too aggressively.

We think Gap is a strong growth company whose valuations have become attractive in the last, really the last three months or so. I think the surprise of the year right now is that the economy is not so strong, that inflation will heat up and that these growth stocks that have carried the market for the last three years are going to reassert themselves.

All those things together made the market weaker.

I think today's action is a little bit of profit taking. There's some consternation in the bond market. We think this market in equities is going higher later this year.