Last quote by Sameer Samana
Sameer Samana quotes
But we have to be a little bit cautious as to how quickly we're seeing these gains.
The first half of next year will be a lot better than the second half of next year.
Unfortunately, it all comes back to timing and when this will become a larger issue and how it will be resolved, and it may be less of a short-term issue than a long-term issue. I think there is some hope on the part of investors that with the in-line [GDP] report last night, they will get some breathing room to go back to enacting reforms, but we'll have to wait and see if they follow through on that.
Growing levels of Chinese debt are one of the biggest risks to our mostly positive outlook.
That has some ramifications for almost everything else, and it's the biggest factor that has driven the markets over the last year.
After Labor Day, a lot of people better come into work ready. It's been almost too sleepy a summer. It's probably about time we all sharpen our pencils a bit and look at all the things that happened over the last three months. They're all events that have long term implications, but very few short-term implications. It was easy to dismiss them out of hand.
The currency markets have reacted in just the exact opposite way that central banks wanted them to.
On Tuesday, you'll start to see how the real money views, not only the payrolls report, but I would throw in Jackson Hole and Brexit.
We were all positioned for lower forever, and they're going to have to unwind some of that. If the economic data improves, it's going to put pressure on the Fed. They don't have to hike aggressively, but they will have a tough time explaining why they are close to zero.
Whether you're looking at the February or the Brexit lows, there's been a very big change in flows and sentiment. We've seen a lot of flows into the riskier parts of the market. We saw flows into high yield, emerging markets debt, emerging market equities. ... There's been this huge reach for yield. ... What's more worrisome to us is how everyone is leaning on the same side of the boat.