Last quote by Brad McMillan
Brad McMillan quotes
I expect companies to beat expectations - they always do. Any way you slice it, we're not going to see the growth that we were hoping for last spring. It's not going to happen.
One of the principal factors holding stocks back is policy uncertainty. Should Mrs. Clinton win, for better or worse, markets think they know what she will do.
It's like high blood pressure: You're probably going to have a heart attack some day, but it doesn't mean it's going to happen anytime soon.
Bank (loans) are increasing, and the possibility of a rate increase means they can reasonably be expected to be doing more business and making more money on it.
If you look at September on average, it's a bad month.
There is a real good chance that the low volatility that we have seen in August hasn't just disappeared, it's just been storing up for September.
In many respects, this report was a sweet spot. It's good enough that the economic growth continues, you're going to see the economic recovery move along. But it's not putting any more heat on the Fed to raise rates in September. In fact, it's going to dial them back a little bit.
This is a natural pause for reflection by the markets. Everyone is sitting there saying 'Holy cow, what did we do?
The real thing I'm going to be looking for is, is there a tip of the hat to a potential rate increase in September?
That kind of miss is going to make people question if the corporate earnings as a whole is as strong as they think they are. I think it's going to rattle confidence.
I don't think the Fed is going to raise rates today but they are starting to lean toward the possibility of a hike and are going to buy themselves some insurance by saying that June is more possible than a lot of people ... think.
I think it should be a fairly calm day. The market reacted to JPMorgan's earnings, the better than expected Chinese data, and now at the end of the week, everyone's kind of settling back and thinking 'ok we got through that, lets think about what happens next week,'.
The central banks have been taking extraordinary policy actions in the last several years...and now we're seeing that it hasn't been as effective as everyone had been assuming. When you add in the fact that the European banking system is under serious threat right now, you could actually see a path to the kind of systemic crisis that we had in 2008.
We suffered some real technical damage and the thing that worries me is this systemic lack of confidence. I still think the fundamentals are solid. The U.S. economy is not going into a recession anytime soon.
It's scary when you see the second largest economy on the planet seemingly melting down. There are very legitimate reasons for concerns. You could argue the market response has been very rational.