Jeff Kleintop
speaker
67 appearances
1 recordings
1 series
first heard Jul 2018
last heard Jul 2018
Jeff Kleintop’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
We've felt a little bit of that sugar high come down, if you will.
It's interesting, if we look back over the last 10 years or so, we've seen three other pullbacks like the one we've experienced in the first half of this year, down from the January highs.
And they followed QE1, QE2, and QE3.
Whenever we had that
Monetary stimulus, extraordinary stimulus begin to fade.
Stocks fell a little more than 10% for four, five, six months.
It's the same thing we've seen this time.
So again, coming off of the fiscal stimulus sugar high.
The good news is the stocks seem to have reconnected to economic reality.
And I think that's important.
What it suggests, however, going forward is maybe single digit gains and not the double digit gains we've seen over the last year or so.
They are looking past some of those geopolitical threats and political ones.
It's interesting.
I think last year taught them a bit of a lesson to maybe temper fears of what politics may mean for markets.
And recall that markets and economics have probably more impact on politics than the other way around.
And often people forget that.
Not to say that the trade issues aren't significant ones this year for companies, given more than 50% of profits come from international trade for all the big companies in the major indices.
Nevertheless, investors have been looking beyond that, focusing more on the fundamental growth they see on Main Street every day.
Anything surprised you about the economic activity and the performance in the first half of the year?
One of the surprises in the first half of the year was the soft spot that we saw in Europe.
Showing 21–40 of 67 · page 2 of 4
← Previous
Next →