Bruce Bittles - Robert W. Baird & Co.

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Last quote by Bruce Bittles

The support for the market is centered on improving economic conditions worldwide and on growing expectations for tax relief. From a flow of funds perspective, tax reform is expected to allow for the return of overseas profits estimated at being more than $2 trillion. The money from overseas could provide capital for stock buybacks.feedback
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Oct 16 2017 Netflix
Bruce Bittles has been quoted 35 times. The one recent article where Bruce Bittles has been quoted is Dow jumps 150 points as stocks hit all-time highs; health care rises. Most recently, Bruce Bittles was quoted as having said, “I think the reasons stocks, especially small caps, are doing so well are the economy and hopes of tax reform. The economy is doing well despite the storms.”.
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Bruce Bittles quotes

Apr 25 2017 - Bull market

This carrot that's out there is tax reform. I think markets are centered around the likelihood of a tax cut and after that's out, then markets are vulnerable because of high valuations and the fact that a lot of investors are loaded up after six years of a bull market.feedback

Apr 18 2017

I'm a little surprised that they missed because the market did so well in the first quarter.feedback

Apr 18 2017

I think this market is trapped in a range and I still think there's some unfinished business to the downside.feedback

Apr 10 2017 - Oil

The equity markets escaped through a minefield of potentially damaging economic and geopolitical news and events last week to finish the period little changed. The geopolitical developments add a level of uncertainty but could serve the markets well by keeping investor confidence from gaining too strong a foothold.feedback

Apr 03 2017

The market has been locked into this trading range. There's just a loss in upside momentum and I think that's going to continue into the earnings season.feedback

Mar 23 2017

Today's action is basically speculation about whether the House is going to pass this healthcare bill.feedback

Mar 16 2017

Certainly, the Fed was dovish in their approach. The fact that the Fed raised rates, but not aggressively, but yet indicated that she had confidence in the economy certainly was a big help.feedback

Feb 24 2017

This whole rally in the stock market is based on the premise that we have moved to a pro-business administration in Washington, D.C. from an anti-business administration. The details, I think, are just noise.feedback

Feb 23 2017

You've got the economy improving on its own, even without tax reform. I think we keep going higher until we get that. Then the market might top out.feedback

Feb 10 2017

I think there are a lot of good things that are happening on a macro level that folks who are looking at this through a micro level are missing.feedback

Feb 06 2017

We have a friendlier business environment in Washington, D.C., and that translates to a stronger economy and a better stock market going forward. It keeps investor sentiment grounded. We don't get into a bubbly atmosphere, which is always dangerous.feedback

Jan 25 2017

The market is perceiving this as a business-friendly administration that is coming into office for the next four years. ... It wouldn't take much to give earnings a real boost. I think that's where the market is coming from and I think it will continue.feedback

Jan 09 2017

Valuations here are rich by almost any measure. If we slip into not-so-strong earnings growth, then stocks could be vulnerable.feedback

Nov 22 2016

From a time standpoint, this may be just the beginning.feedback

Nov 22 2016

We are in a transition period on a number of fronts. First, we're moving from an interest-rate driven market into an earnings-driven market. Also, something most people are missing, is we're getting a more business-friendly administration.feedback

Nov 11 2016 - UBS

As long as you're seeing these cyclical sectors outperform, the market is saying (expectations of) this recovery is a lot greater than a few weeks ago.feedback

Oct 31 2016 - UBS

The fact [stocks are] holding up here in the face of this suggests the uncertainty out there, and we're going to have to wait until we get closer to Election Day. It's impossible to know. My gut is ... it's pretty close.feedback

Oct 14 2016

We've talked about a transition from a central banks-driven market to an earnings-driven market, and that is what we're seeing here.feedback

Sep 30 2016

You have a market that's restricted to the upside because of high valuations ... and to the downside you're protected by record-low interest rates. The market has stayed in the same place.feedback

Sep 27 2016

I think Hillary Clinton did pretty well. I think she was better prepared than Trump. Whether the debate will mean anything (remains) to be seen.feedback

Aug 18 2016

We've lost the upside momentum we've had. The trend is positive but the trend is neutral.feedback

Jun 21 2016

The focus of attention this week is on the U.K. vote on Thursday. It looks like overnight the polls tightened up a little bit. It's a pretty nervous market. Nobody has any profits for the year. The last thing you want to do is get caught in a downdraft.feedback

Jan 21 2016

It's a different situation than in previous years when you could buy the dip and be very confident. Here you have a trend that has turned negative and a Fed that is far less friendly than in 2012, 13 or '14.feedback

Jan 20 2016

The market's been hurt in the past two-and-a-half weeks by strong openings. That invites selling. Today the market opened sharply down and that shows a lot of pessimism here and may help turn things around.feedback

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