Last quote by David Lebovitz
David Lebovitz quotes
We've been talking about passing the baton from monetary policy, monetary stimulus, which hasn't really worked, to fiscal stimulus, and now it looks like that's going to happen.
Energy companies should be taking fewer write-downs and we are seeing margins hanging in there which is a positive sign, given our view that wages will pick up.
If (Republican presidential candidate) Donald Trump starts to get more momentum in the polls that is going to move the market, simply because it is priced for a (Hillary) Clinton victory right now.
I would be surprised to see revenue growth this quarter. It takes about two years for the effect of the dollar to work through the system.
Inflation is going to be the missing link there.
There is a lot of headline risk right now and I think the biggest thing investors need to be cognizant of is the ability for contagion, for sentiment to deteriorate around these names and really push the market lower.
I think you might see financials start to catch a bid on the back of this low volatility, high dividend trade that's been in place for the better part of this year.
I think what's more important about Yellen's comments yesterday is she acknowledged the global risks, she acknowledged the fact that yes, inflation here in the U.S. has looked strong ... but there could be some downside later this year, and all that warrants a very cautious approach.