Randy Frederick

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Last quote by Randy Frederick

As we get temporary spikes in volatility, ... these will continue to be buying opportunities because the fundamentals have been so strong.feedback
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May 23 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: “We're not expecting a rate hike, but we'll get a sense of where they are and what they are thinking.” in the article Nasdaq falls from record high as Apple iPhone sales disappoint.
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Randy Frederick quotes

The market is not buying into a March rate hike just yet. I think the [personal consumption expenditures price index] will be tell-tale for the Fed in March.feedback

We had a drought for a very, very long time last year where we went almost a year and a half without hitting a new high, which was the longest time ever. Now we're back to what I would say is more of a typical move, where you get record highs consistently. The market has been pretty generous ever since the election in moving in anticipation of what might come. The question is at what point does the market expect to see things actually happen versus just promises of action. That's the tricky part.feedback

What he has to do and the administration has to do is show that they're making what the market perceives to be meaningful progress. If there is anything that shows a substantial amount of progress and something looks pro-business, I think we'll see the market break out to new highs again.feedback

We've had pretty steady oil prices for a while, but we've gotten some volatility recently. But in general, it doesn't become a drag or a benefit on the market as long as it stays in that $50-to-$55 range.feedback

I think the markets were spooked by Trump's immigration ban and there haven't been many positive news to push them back to the uptrend.feedback

If you look at it from a technical perspective, [stocks] finally broke from that six-week range. The market is giving the Trump administration more than the benefit of the doubt. Until we get to the Fed meeting in March, I don't see anything that could push us lower.feedback

What I've noticed over the past couple of days is we've seen a lot of activity in put options. What this tells me is people are preparing for a pullback, which may not happen.feedback

We saw something similar happen ahead of the election. The first 100 days are going to be critical. We've got pretty high expectations for GDP and, if they are met, there is room for valuation expansion.feedback

We are bumping against that 20,000 level and we've been doing that for a while. I think we all knew that, as the Dow got closer and closer [to 20,000], it would have some trouble breaking above it.feedback

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.feedback

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.feedback

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.feedback

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

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

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.feedback

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.feedback

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

Traditionally, any holiday week is usually a low-volume week.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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.feedback

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

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

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

Some of the things they said Friday scared people.feedback

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

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

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

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.feedback

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.feedback

The problem is: Where do we go from here?feedback

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.feedback

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

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.feedback

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.feedback

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

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