The risk to the downside is the greatest. If trade talks break down then we could head lower, probably a lot further, and the tech sector could be a leader to the downside. Randy Frederick More Quotes by Randy Frederick More Quotes From Randy Frederick The VIX average for the year has been about 15 and I definitely expect it to be above 20 in the short-term. Randy Frederick company-news If things don't settle down in China, we could have another ugly open (Tuesday) and you wouldn't want to be caught holding positions you bought this morning. Randy Frederick company-news If things don't settle down in China, we could have another ugly open tomorrow and you wouldn't want to be caught holding positions you bought this morning. Randy Frederick company-news It's a very risky proposition to take things home overnight in this kind of a market. If you got a profit that quick, it's often safer to take a small profit than run the risk. Randy Frederick company-news The problem in China is that the markets haven't been released for free and open trading and until that happens there is going to continue to be downside pressure. Randy Frederick company-news I've been leaning towards September because while the data has been mixed, none of it has been really bad, i think a hike is good for the market because we can finally stop worrying about it, and historically the Fed has always been slow regarding subsequent increases. Randy Frederick company-news Valuations are a concern right now, we really need to see corporate revenue growth. Randy Frederick company-news You still have a lot of shares that aren't allowed to be traded and a lot of things going on that is not allowing that (China) market to trade in a free, open and organic way, i don't think the market is going to stabilize unless the restrictions are lifted. Randy Frederick company-news Valuations are a concerns right now and if we are going to see a sustained rally we really need to see corporate revenue growth and we really haven't seen that. Randy Frederick company-news If things stay quiet on the Greece and China front, it will be good for the market to focus on earnings, which should be driving the market in the first place. Randy Frederick company-news I don't know if it can get back the volume that they have lost, but it certainly can't hurt. Randy Frederick company-news The Chinese market has shown a nice rebound for a day but it is important to note that many of the owners are restricted from selling their shares and half the companies have suspended trading. Randy Frederick company-news It seems to me that it is Europe that is driving most of what is going on right now - negotiations that are going on with Greece, the volatility in German Bunds, those sort of things. if those things settle down, then our markets will settle down into what they would normally do, which is get quiet before the big monthly reports. Randy Frederick company-news It matters only if the Fed listens to the IMF. Ultimately, it comes down to the economic data and a lot can change between now and September. Randy Frederick company-news We have been in this sweet spot where the labor market has been strong, which implies the economy is doing well or at least people are optimistic about it, but at the same time we have very low inflation which is keeping the Fed at bay on rates, so this maybe just affirms that a little bit. Randy Frederick company-news China was part of a two-pronged news event that caused part of the selloff on Friday. The move over the weekend changed that perspective and caused a little bit of a boost today. Randy Frederick company-news It's the 50-day if there is anything technical involved right now. The 50-day is at 2,067, we bounced right off of that. Randy Frederick company-news The thing about those guys is they are typically high-beta, so they tend to go up faster when things are going up and down faster when things are going down. Randy Frederick company-news You have to think that report makes the likelihood of a June rate increase somewhat higher. Randy Frederick company-news It all kind of neutralized itself, the market just seems very confused as to whether it should be reacting to the prospect of lower rates for longer or the prospect that we can handle rates because the economy is doing well. Randy Frederick company-news
