I left the office yesterday feeling very crappy. I got home and my wife told me that CNBC Asia had called a few minutes earlier asking if I could do an interview. I took a quick nap before the interview and then talked about being fairly positive about the market for the next few months.I think the steepening of the yield curve, if it sticks, will be a plus as it means an yield curve inversion is unlikely. This is more of a short term call than anything else. Last week I added a little bit of tech in client accounts.
I was asked about earnings. I have not thought that earnings would be the most important thing for the market right now. Yesterday was a good example of what I mean. Citigroup's number was not so hot and the market went down a little. IBM had a good number and the market is up a little. I would expect more one good number one bad number without much net effect on the market.
The thing I did not get to mention in the interview was that I think, similar to late last year, there may be a lot of managers that need to catch up after a bad first half of the year. If that is correct it would be a positive catalyst.
After the interview I slept for about 12 hours and feel much better.
2 comments:
Hi Roger,
After having a good meeting with you and Ray last week,I tuned into CNBC Asia last night between and 6-6:30, and there you were from the AZ dot on the US map.
You may have been feeling crappy, but I thought it was a great interview. I start most days with CNBC and by far you are in the top 10 of those I see as guest interviews. Not intended to be entertaining, but just sharing your views on the subject at hand.
Keep up the good work!
Thank you for the good word.
To other readers, this comment is NOT from a relative! My relatives would never say something so nice.
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