The CPI will still have an influence on the Fed meeting. You are in a bear market in technology stocks and you'll have to accept that. You're not going to get anything significant until the second half of the year.
More Quotes from Barry Hyman:
Analysts said there was no fresh fundamental news to support the selling but noted that the recent rally was overdone. I think it was just a general sell-off after a very nice rally, ... The rally lacked volatility and conviction. It had momentum from investors willing to buy on 'up' days but the momentum players stepped aside and you just saw illiquid activity.Barry Hyman
You have the correct sectors continuing to lead, which are technology and financials. The Michigan numbers were good today, and oil prices are down.
Barry Hyman
They're down around 15 to 20 percent from their highs. You've got an opportunity to buy some of these bank stocks at decent values here.
Barry Hyman
Since I filed an extension and probably will be late getting it, I will probably just go spend it. Nothing special, I would just say probably some jewelry for my spouse.
Barry Hyman
I think people are looking forward to the end of rate hikes and if there's no dramatic change in the wording of the statement tomorrow, that could hurt the market.
Barry Hyman
I think we are still in a consolidation period, ... and I think we can't afford to overlook the impact of the economic news on the market. You had a retail sales number this morning that was in line but nothing spectacular and a rise in jobless claims.
Barry Hyman
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