Jack Ablin


Last quote by Jack Ablin

I still maintain the investor's base case is nothing gets passed.feedback
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May 26 2017
In this page, you will find a list of 111 quotes from Jack Ablin, from different articles. We analyzed 66 articles in which Jack Ablin has been quoted in topics like U.S. and Jackson. Jack Ablin’s most recent quote is: “Unless rent growth is rolled back, expect the millennial buying binge to continue.”. To see more examples Jack Ablin’s views and opinions, check out the section below.
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Jack Ablin quotes

As long as nothing changes, these firms are going to be fine. The market has certainly fully discounted all that.feedback

President Trump's pledge to bring America's jobs back home may carry an interesting side effect, the rise of robotics. A U.S. corporate tax rate cut, should it come to pass, would reduce the cost of doing business in the United States, but it would do nothing to curtail labor costs giving U.S. employers increased incentive to invest in labor-saving technology. Allowing accelerated depreciation on capital investments, as he's proposed, would only serve further push business leaders toward robots.feedback

Trump is stuck, he can't cajole the arch conservatives in the Republican Party and at the same time, my sense is the Democrats don't want to throw him a bone either, so it is going to be difficult.feedback

President Trump promised that this health care bill would be signed, sealed, delivered within the first couple of weeks of him taking office. All this is doing is pushing the rest of the agenda out.feedback

I actually think Trump and Yellen are on the same page. I think they want the same thing. Let the economy run hot and drag your feet raising rates.' I don't see a lot of controversy. The controversy could be around the independence of the Fed and [Sen.] Rand Paul wanting to audit the Fed.feedback

Certainly investors are paying close attention and given the fact the VIX is … at some crazy low number, it's possible we see a volatility pop. Just like last year, they [the Fed] started the year with a forecast where were going to have four rate hikes, and we got one. I think the same thing this year. Her rhetoric could be construed as hawkish but with very little action.feedback

I think we'll just wait for the tax stuff to come out and we'll wait for other stuff. I still think the market could go up in the meantime. I think the equity market is now the new Nielsen ratings for Trump. That's his barometer … between tweets and remarks.feedback

We all knew that it was in the hopper, but he seems like he's pushed it toward the front of the cue so that's encouraging for people.feedback

It's very difficult to get a sustained rally without the financials rallying.feedback

Given that the President's first order of business is challenging trade deals, it has probably caught a number of optimistic investors off balance. Investors were positioning for tax cuts and regulatory roll backs out of the gate. Perhaps they are impatient but they are certainly disappointed.feedback

Investors came into it worried about specific mentions of America first and confrontational rhetoric and that's exactly what they saw. It was confrontational both domestically and internationally. And there were not a whole lot of specifics that investors could sink their teeth into.feedback

Now we are nearing the inauguration, how much of this can really get done?feedback

I think it could help set the tone in how cooperative the Congress will be with the new president.feedback

I don't see how the environment gets much better for these retailers. But they still have room to execute changes and it will be interesting to see how that helps them.feedback

At two times sales, the S&P 500 is at its highest valuation point from a revenue perspective since the tech bubble.feedback

I could see a flow of currency back into U.S. dollar assets as our interest rates are incrementally more attractive. That could, actually, keep the dollar higher than we want and could stymie some of our growth plans.feedback

At worst it is the same, you push it into next year and perhaps rotate into something that's cheap that could benefit once Q4 earnings come out and that would be European large caps, even the Japanese large caps, that would benefit from a weaker currency and a boost in export growth.feedback

The one bullish argument is stocks have been cheap relative to bonds, but guess what? The 10-year is nearly 2.50 and headed toward 3.feedback

I think at some point, we're going to need some fundamentals to substantiate the expectations that are built in. I think there's some quick hit. If you could lower the corporate tax rate and do it quickly, that could be a bounce [for stocks].feedback

Interest rates and oil prices tend to move closely together. It's kind of geared to growth. The oil price hike over the last couple of weeks you could argue is supply related rather than demand. At least based on where oil prices are, interest rates are about right.feedback

From a technical standpoint, the situation has improved, even though valuations are stretched. Now it's just a matter of waiting for the fundamentals to catch up with what the expectations are.feedback

We had a market that was already somewhat frothy to begin with and now we've ramped it up to the next level.feedback

Investors worried about Trump's capricious personality were comforted by his moderate acceptance speech. He's ratcheted back his extreme policies and behaviors. I think that's the root of today's enthusiasm.feedback

Certainly growth of interest rates would tend to increase the value of the dollar, but inflation running ahead of interest rates would diminish the dollar.feedback

If Trump is going to … make good on his promise to the people that brought him into office, that split between profits and wages is going to have to tilt back toward wages.feedback

We knew that if anything happens globally it's going to impact the largest companies, particularly those that [will] enjoy the lowest corporate tax rates.feedback

The market reaction of the Trump victory was as surprising as the Trump victory itself.feedback

And unless he can get productivity going, or unless he can get growth going, a lot it's likely going to be at the expense of profits.feedback

Seemingly quiet trading on the surface masks the turbulence that's going on underneath.feedback

It was an orderly sort of trade. Small caps outperformed larger caps. Domestic outperformed international. Interest rates – this was a blood bath in the bond market. That was dramatic. It was far from what I suspected. I thought it would be mostly point-and-click orderly sell-off today. It was an orderly trade all day.feedback

It sounds like investors are willing to take a 'wait and see' between now and inauguration day. You want to see who he is bringing in to policymaking positions, as a starting point. This is a long-dated pendulum and it has a lot more to play out.feedback

The market's response to the Trump triumph is as surprising as the triumph itself.feedback

Will she be pulled to the left, as we suspect, and if she is, will there be a Democratic Senate to help facilitate those approvals?feedback

If PredictIt is right, we're setting up for the second best investment scenario with an average annual return of 7.5 percent historically.feedback

I will say for the Brexit vote, the betting sites had 85 percent chance of Britain remaining before Brexit. But who knows.feedback

The investment markets concur. Since September 26th, the Mexican peso, a real time indicator of Trump's political prospects, rallied 6.6 percent against the U.S. dollar, reversing a 13 percent slide that commenced last April. Meanwhile, biotech, candidate Clinton's political piñata, has sagged versus the Nasdaq. Biotechs slid eight percent relative to the Nasdaq since late September, reflecting Clinton's improving chances.feedback

I think those stats that I described are priced in. So if things change from the current path, we should get some volatility. I don't think the peso has rallied as much as it should … it could recover more.feedback

It's consistent with the strong confidence we're seeing.feedback

I'm not sure what she's going to say. The minutes spoke for themselves. They're not going to tighten rates right before the election.feedback

I think they're important. It just focuses the attention on the environment, on credit conditions and these low interest rates. We started the year budgeting for four interest rate hikes this year.feedback

The good news is analysts are expecting revenues to increase year over year this quarter. Hopefully we'll see earnings follow along, but it's a slow and steady process.feedback

If inflation moves higher and interest rates lag, that could be the catalyst for a move higher.feedback

Early indications suggest Hillary won the debate; at least didn't lose. Futures are higher and the peso is rallying.feedback

He's campaigning as the outsider who wants to break some glass, and with it there's a 'damn the consequences.' I do think there's a fair amount of headline and uncertainty risk associated with a Trump presidency. On the flip side, I think Clinton is the consummate insider, who will deliver more of the same. That would be more a certainty factor.feedback

We could see a Brexit type of reaction ? down dramatically, then kind of rebound back when people come to their senses and see he's not going to tear the whole place apart. Nothing really fundamental will change. Presidents don't take office to shut companies down and to get rid of their workers. Their job is to enhance the economy and grow.feedback

In many respects, the European Central Bank and the Bank of Japan have a greater influence over our market than the Fed does. You're seeing somewhat of a pause in European Central Bank and Bank of Japan policy and that's impacting the global bond market.feedback

If you get any kind of pullback. ... The European Central Bank program ends in March 2017. If there's any indication that's not going to be extended, that will impact the stock market.feedback

There's no question about central banks running interference and creating high valuations but the fact is they are not necessarily going to simply turn off spigot and run away. They recognize that there is an addiction here and we're going to have to slowly get off of this liquidity and do it in a gradual way.feedback

This is something that has been created by the central banks and we're going to have to work our way out. But I don't think this is necessarily the next crisis that is going to cause a huge crater.feedback

I think this is what withdrawal looks like for an addict.feedback

They tend to look at, even though the stock market could be upset, they tend to look at credit markets. Even though yields are up, spreads are OK.feedback

I would still view it as an opportunity to buy instead of getting out of the market altogether.feedback

Reading the tea leaves, given that the financials are leading the way higher, you've got one of the areas of the market that would benefit from higher rates.feedback

It's oil and then we've got Jackson Hole hanging over us, and there is always some surprise that comes out of Jackson Hole.feedback

We had a disappointing retail sales report. ... Perhaps investors are reassessing the state of the economy.feedback

I don't think they're going to fold up their tents and give up.feedback

Remarkably, department store sales are lower than they were in 2000.feedback

We're the last hoorah for yield.feedback

I think a lot of people are trying to reconcile this low investment in cap ex and business spending with the strong jobs number. It's certainly entirely possible they can go hand in hand.feedback

When you look at services and leisure, these aren't the highest quality jobs, but incomes are going up.feedback

If businesses aren't investing in the economy and productivity, they'll still hire people.feedback

She wants to cut U.S. oil consumption by a third and replace it with 500 million solar panels.feedback

I would say we would see a risk-off scenario if that's the case.feedback

There are remarkably more similarities than differences. That's the irony of this whole thing. This is such a bitter fight, and yet many of their core strategies are similar, which is the first time I've seen that in a long time. I'm not sure I'd want to be Bank of America in here.feedback

I think they at least need to put the rhetoric out there that a hike is on the table. My sense is their line of thinking before Brexit has been restored. That would mean there's at least one hike on the table this year for them.feedback

To me it doesn't seem like the type of market where you want to stick your neck out too far.feedback

I'm hopeful it will show the U.S. banks have been pretty much impervious to the vagaries of Europe. I think that's an important thing, but it will be interesting to see what JPMorgan has to say about their London capital markets operation.feedback

Lowering interest rates there is just going to make the pound go lower and fuel the dollar. Right now, I would say the U.K. market's on sale. The price of a latte in London is now on a purchasing power equivalent basis, more like a latte in New York. It hasn't been like that in 30 years. The British pound is actually fairly valued.feedback

There was a period in 1955 when bonds yielded less than stocks. But for the most part, bonds offer higher yields than equities so as a result, anyone looking for income for retirement didn't have to think twice about what a retirement portfolio should look like.feedback

We have to be prepared for more uncertainty and more volatility. I guess the bottom line is this is the domino that fell, and whether it's the first domino in a series or an isolated domino in Britain, we don't know yet. It's like revisiting 2011 all over again. I would say of all of the exits the British is the cleanest because they don't have the currency. Once you get into a situation with a euro zone country that gets way more complicated.feedback

It's going to be a slow moving train. It's calmed down for now – but it hasn't calmed down. (The markets are) on heightened alert, but unfortunately it's moving at the pace of policy, not at the pace of the markets.feedback

(This year) has really been an arid desert in new issuance and equity ... I'm encouraged that the success here will spawn other IPOs.feedback

Dividends have become a major theme in this environment.feedback

It's all related. Oil is moving higher on the diminished threat of higher rates.feedback

These are some important data points and my sense is the investment community is in a 'good news is bad news' frame of mind right now.feedback

They are ready to pull the trigger on a rate increase in June.feedback

I think the equity market's holding up pretty well considering oil is as down as much as it is. Once a bottom was put in oil in the 20s then the uncertainty surrounding oil and its impact surrounding oil and the financial markets certainly dissipated.feedback

I do think the recession scenario is off the table but I think the equity rally we had was one ... fueled by very short-term technical factors. The more investors digest the data, whether economic data, corporate profits, or new data, the less they want to own U.S. large-cap stocks. U.S. equities are priced for a global expansion that is not in the cards.feedback

If you go back a couple weeks, it was really the positive retail sales report that kind of got us out of the funk.feedback

Perhaps today's report would offer investors a little more comfort that the worst is behind us. Certainly the U.S. is the swing producer and seeing the rig count fall certainly leads to this belief that production would fall.feedback

It's weighing on stocks more broadly given its size and dominance.feedback

I think it's earnings driving the market today and a disappointing result and outlook by Apple.feedback

I think we're going to hear from probably a quarter of the S&P 500 this week. By the end of the week, it'll give everybody a sense of what's going on with earnings. Analysts forecasts for Q4 were pretty ugly – down 6 percent or so.feedback

I actually am encouraged to see the market drop so we can just get to fair value and take it from there, then it is really determined by the path of the economy, and profits and revenues.feedback

When expectations are as high as they are, that's a problem.feedback

I think investors believe fears in China are maybe overblown. I also find it's interesting the market seems somewhat less sensitive to changes in oil prices these days.feedback

Markets tend to drop every time Beijing intervenes. Investors sense desperation.feedback

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