21 ordspråk av David Thwaites
David Thwaites
David Thwaites föddes den
16 juni
1976
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It's a familiar story. The market is trying to build a floor but the news flow on the corporate side isn't consistently good enough to build a rally.
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The first quarter should mark the trough in earnings, but judging by the market's negative reaction to recent warnings from the likes of IBM, there's little room for disappointment.
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The background news isn't that good with Iraq and corporate news isn't that positive, so it's probably a good reason for people to step back. We've also got technical things going on pushing things all over the place.
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We think the Fed will probably move in the summer, in the third quarter.
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You've basically got steady growth, inflation is not a problem. With the exception of the UK where interest rates are going up, generally you don't have interest rate worries. But I think the markets in Europe, led by Wall Street and the U.S. bond market had gone too far too fast--a correction was needed.
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We've still got worries about corporate earnings and I think that's going to be the case for a couple of months yet.
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