Published: Fri, 9 Oct 2009
Description: (NECN) - The major indexes turned in their best week in more than two months, and Jim Lowell, chief investment strategist at Adviser Investments and editor of FidelityInvestor.com shares his analysis of the week in trading. The Dow Jones Indu...
Automatically Generated Transcript (may not be 100% accurate)
" Our market analysis tonight Jim Wallis chief investment strategist at adviser investments and editor of fidelity investor dot com happy Friday -- have to -- thanks for joining us so good day in a strong week for stocks let's start with the Dow and that new yearly -- it was health -- and utility stocks leading the charge."
" Health -- continuing to surprised so many investors not us who got an overweighted in health care for many years continue to do so. Despite all the heated political rhetoric healthcare stocks continue to deliver necessary goods and services for growing demographics both here and abroad so it's. It's good to see them move in tandem with the market today. Net -- what we're seeing is this still this good trade on optimism really I think now. Fundamentally fueled by a moment dumb enough by the data that we have yet to see although the first blush of earnings from Alcoa. Certainly help kick start this rally second win."
" The NASDAQ also surged today technology has had a strong role in the recent rally that we've been seeing and investors will be keeping a close eye on the tech sector during this earnings season."
" No question about it next week we see both Intel and IBM chime in just for starters and technology has as you pointed out been leading this remarkable recovery. I'm really since mid march but even even head of that technology is leading the way and in the jobless recovery -- production efficiency can lead to profitability. Without having to curtail your lines of goods and services technology is going to be an answer that businesses increasingly look to and that's why investors are increasingly looking to technology. Give us your take on a recent slide in bond prices well they are definitely. You know on -- on the tail end of what's been remarkable bubble built especially in the long term treasuries where you're literally not getting paid anything to invest in them. That was basically trade built on fear. Either Armageddon or deflation. Does that -- begins to dissipate in fear of inflation comes down the pike. They are definitely susceptible to interest rate of risks and so investors for the first time this week were really signaling that they were willing to at least trade out of some other. Falsely perceived ultra safe position. Investors watching the dollar were reassured today by comments made by the Fed chair. That's right the dollar has been trading. Remarkable lows relative to. Both the Euro the yen. The Australian dollar you name it the dollars -- yearlong. And there's been a lot of -- lip service paid to whether or not that this administration would step into the fray and at least talk. A stronger dollar and today Ben Bernanke did just that and literally on those words of a dollar ticked up measurably against other currencies. You mentioned next week technology Intel reporting among others who else would you be watching Schwab kicks that off then we also have a Citigroup Bank of America. And then of course the granddaddy of all earnings reporters G on Friday. That will really be significant week but in particular the end catchy. We'll set the tone not just for Friday's trading activity but for the next week."
" Our market wrap Jim -- chief investment strategist at adviser investments and editor of fidelity investor dot com have a good weekend Jan thank you to."