Brown Brothers Harriman market strategist Andrew Burkly said the key for stocks will be the economy and the upcoming earnings season. "To us, this whole event we've been going through is more about the soft patch in the economy, and the kind of macro indicators really slowing down," he said.
Burkly said he expects the economy has entered a period of slow growth but data could now become even more uneven as some of the factors that slowed the economy begin to snap back. "A lot of the macro data that leads earnings revisions have rolled over but he earnings revisions haven't come down," he said.
"It could play out two ways in the two or three weeks before earnings season. What's going to happen is that the analysts are going to take their numbers down and lower the bar, but if they don't do that, the bar is relatively high and you that sets you up for a disappointing earnings season," he said. |
发表于 2011-6-16 21:33
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