Randy Frederick


Last quote by Randy Frederick

There aren't any catalysts to take the market higher, but there aren't any to derail it either.
Mar 21 2017
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Randy Frederick is associated, including Fed and January. Most recently, Randy Frederick has been quoted saying: “With tax reform and infrastructure spending getting pushed to the end of this year or even next year, it will eventually weigh on sentiment and business confidence. Eventually, the market will lose patience.” in the article GLOBAL MARKETS-Protectionism worry drags on stocks, dollar hits 6-week low. An other article where Randy Frederick has been quoted is Dow and Nasdaq hit new records after strong inflation data.
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Randy Frederick quotes

You've got portfolio changes. You have professional investors trying to hit benchmarks. At this point there's not a whole lot to be worried about. We don't have a very good relationship with Russia to begin with. We don't have much trade with them.

I'm surprised there's as much softness as we've seen in the last two days. This year there's a double incentive not to sell. There's a potential that capital gains rates would be lower next year.

There's two times to be concerned in January. Economically the backdrop is solid, but you could argue, we'll have a little more volatility.

This is what you'd expect if we were approaching a real technical level. We come very close before breaking above it.

If the market is really being driven by optimism, I can't see that changing until the new administration takes office.

I'm frankly surprised that we've kept breaking into new highs. The fundamentals aren't terrible, but the valuations have gotten really high. The economic data has been modest, but not great.

The market's rise, while it may continue for a bit, might be flattening out and the upside will be far more limited than what we've seen.

We've got high supply and slow-growing demand. Any deal between OPEC would be shaky, as we've seen.

The VIX has gone up for six straight days, so that right there tells you that people are bidding up the prices of the options on the S&P 500.

We've got M&A, we've got IPOs. Typically you'd think that type of activity would be done in what is perceived as being a positive environment.

I think all three of those things are essentially bullish signs for the market. The groundwork is there for a pretty solid fourth quarter but it's got to keep going.

If it was a much closer race it might have been a different story, but the polls have Hillary Clinton in a pretty solid lead right now and the market seems to be on board with that idea.

I just don't see a whole lot of shifting of positions. I don't see people taking on a very bearish stance or anything like that. It's a little bit surprising.

The fact that the dollar is trending higher is a concern. But I do expect the dollar moving higher to be a preemptive move ahead of the Fed's December meeting, where they are likely to raise interest rates.

I think that's also helping pave the way for the Fed to raise rates, and that's getting the market a little jittery.

Yesterday's pullback also had a bit to do with the OPEC deal. They've been notorious for cheating on previous deals.

What's interesting about this quarter is we've moved but not a whole lot, from the S&P's perspective.

When the market gets into a period like that, it becomes very sensitive to news events.

But if they wait until after the election and the market sells off, there is only a five-week window.

I'm a bit surprised to see us hitting record highs again. We are pretty topped out and we should move sideways for awhile.

When you see the market rally on positive news, ... I find it very encouraging. I think we're past the point of wanting lower rates to keep equities up.

As you see the prospect of a rate hike come into play, then these stocks don't necessarily decline but they stop going up and they sort of level off and go sideways.

I've been expecting a record close for a while. It's a good thing because it cements this 7-year-old market, which is the second longest in history.

I still think oil is by far the primary driver of the market at the moment.

If the (statement is) somewhat dovish I think the market will actually move higher. I find it a little disappointing that the market wants the Fed to ease up.

If you look at crude prices, they are shooting right back up, so I would say you can blame whatever is in equities to crude because they are incredibly highly correlated.

The problem with things that are cheap is that they can always get cheaper.

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