Based upon how we've seen retail stocks perform, any continued low (consumer confidence) number puts a crimp in the Christmas spending story.
More Quotes from Barry Hyman:
The market gets extremely concerned on (long-term) interest rates when they get above 6 percent.Barry Hyman
With McDonald's you get a minor dividend of 1 percent and right now, where it's trading, around a 13, 14 price-to-earnings ratio, it is very reasonable, ... A little bit below the SP average at this point.
Barry Hyman
There is a substantial group of investors who believe the stock market will start to anticipate an (economic) recovery. The more rate cuts we get, the more likely the recovery is -- I'm looking at this as a 'buy the dip' opportunity.
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
Traders are just lightening their positions a little bit. The holidays are compressing the activity and I think most of the (options) rolling over you saw yesterday.
Barry Hyman
The market has two overhangs. It has the interest rate concern and it has the concern of whether a soft landing is achievable. The interest rate concern is over but the soft landing is another question. We don't know if the economy is slowing enough or slowing too fast and that concern, as it relates to earnings, is weighing on the market a little.
Barry Hyman
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