Marshall Acuff
Marshall Acuff
almost caps continue dominate enter market reality
The reality is that as we enter the new year, the big caps continue to dominate the market as they have for almost two years now.
call excess healthy market mind orderly overall period point relatively taking
We're going to get to a point where the market is going to stabilize. Keep in mind that really what's going on is that we're taking excess out of the market, and we're doing it in a relatively orderly fashion. In the long term, I think this is very healthy for the overall market. I would call it a period of rebalancing.
We may still have some bumpiness here for a while.
healthy market seeing seen
You are seeing a broadening out of the market that we had not seen going from the 9,000 to 10,000 mark. This is a much more egalitarian market and that's a healthy development. It suggests a more sustainable market over time.
doubt inflation period picks question seriously
The question is, are you going to get into a period like the '70s, when inflation went up and up -- which I seriously doubt -- or inflation picks up a bit, and then stabilizes.
continue earnings growth learn
Unfortunately, earnings growth expectations are still too high. We continue to learn about that.
investors run stocks strategy technology work
Investors shouldn't run away from the techs. The long-term fundamentals for technology stocks are super. So the strategy is to work into the area.
market wants
The market wants to go up, but there just isn't enough 'oomph' there.
clear fed indeed late momentum move moves profit quite slowing strong year
It's not clear that the Fed is going to move in June. Perhaps, the Fed moves late summer/early fall, if even then. What is clear is that the economy's momentum, which was quite strong in the first quarter, is indeed slowing down It is also clear that profit momentum for the year is going to be slow.
episodes market run seemed straight sure week
I'm not sure that we're going to see the market run straight up as it seemed to be doing in the first quarter. There are going to be episodes when we feel better, as we do today, and there are going to be episodes like this whole week ago, when we feel uneasy.
continues leadership market nervous somewhat stocks uncertain underlying
The market continues to be uncertain about the underlying leadership after many years of being used to the big-cap stocks leading. We're also somewhat nervous about the earnings.
definition forget issue sleep technology
The issue with technology is, it's -- by definition -- change. You can't just go to sleep and say I'm going to forget it for 20 years.