Timothy Ghriskey Quotes
We've seen a very volatile stock market since February. Different styles and sectors, like technology or financials, coming in and out of favor with no clear direction. There's nothing really wrong with techs. They are certainly somewhat highly valued by any historic measure, but probably not as highly valued as they were in February. We think, actually, come the fall, we could see a big tech rally, and that would probably be related to the fact that the IPO calendars are really building at the big underwriting firms, the big broker dealers. 
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Volatile | Stock | Market | February | Styles |
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Oil was down a lot on the day and that certainly helped the market to support recent gains. There's also money moving from bonds to stocks here, with bonds retreating after the August run.
- Timothy Ghriskey
The most important read this week is the first look at GDP growth in the second quarter... A number of companies, including GE recently, have talked about April and May being tough, but conditions picking up in June, particularly the second half, and the GDP number will likely reflect that.
- Timothy Ghriskey