Barry Hyman Quotes
Right now, I do look for a 25-basis-point hike. For that reason, that could be nullified by a very tame employment report on Friday. Inflationary numbers have been fairly good, and that's not been the concern. It's been: Are we slowing down fast enough? Where are the cuts coming? And Mr. Greenspan basically said: If I'm confused, we're going higher. And I think that's the way I'm reading into it. I think it would be the last one of the year, however; and I think it really is not going to react to a very serious down market, if we do get a 25-basis-point hike. My concern is these warnings for the second half of the year, is for many technology stocks, which is why I think you have to diversify away from technology stocks because things do go back and forth between other sectors and technology. 
Tweet
Basis | Point | Hike | Reason | Nullified |
comments powered by Disqus
A worse-than-expected number tomorrow will discount what happened this week. If we get an inflationary number, the market will go down, but I think it all clears up by mid-June.
- Barry Hyman
There was rotation out of the strong sectors into the weak sectors... Techs really got hammered. Volatility, up and down, means there are just as many sellers as buyers, and people think the (semiconductor) sector might be a little pricey, especially as we come into an economic slowdown.
- Barry Hyman