There are a lot of features behind this market that are very favorable. Inflation news recently for August was very positive. Rates dropping have been a positive for this market and earnings still look good.
More Quotes from Stuart Freeman:
We think Gap is a strong growth company whose valuations have become attractive in the last, really the last three months or so. I think the surprise of the year right now is that the economy is not so strong, that inflation will heat up and that these growth stocks that have carried the market for the last three years are going to reassert themselves.Stuart Freeman
You've got interest rates on your side, inflation on your side. Earnings look good in the second quarter and we think they will be good for the balance of the year. We don't see the indicators to suggest we've got problems at this point.
Stuart Freeman
We're in a funny space. Too much good news is not good news because the market worries about the Fed.
Stuart Freeman
Certainly, part of the market's worries right now stem from oil. You still have instability in the Middle East, and there's a fear that prices will move dramatically higher.
Stuart Freeman
The market is looking at that and worrying that inflation may be rekindling as the unemployment rate moves lower.
Stuart Freeman
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