Hugh Johnson
Hugh Johnson
Hugh Johnson OBEis a British author and expert on wine. He is considered the world's best-selling wine writer. His 1961 tasting of a bottle of 1540 Steinwein from the German vineyard Würzburger Stein is considered to potentially be one of the oldest wines to have ever been tasted...
ProfessionNon-Fiction Author
Date of Birth10 March 1939
earnings economy interest level outlook rates rising simple step surface
On the surface level it's a real simple story. Interest rates are rising and the outlook for the economy and earnings is darkening every step of the way.
again excuse following interest knowing last likely march meeting profit raised rates strong taking walked week
It is a down week after some predictable profit taking following a strong January. But the excuse for that profit taking was the Fed. We walked away from last Tuesday's meeting in which they raised interest rates, knowing that they will likely raise rates again at their March meeting.
buy excited federal government higher interest low prefer rates
Long-term interest rates are low and I'd prefer to buy when rates are higher and more attractive. As a federal government issuer or taxpayer, I'd be excited but, as an investor, I just don't see the appeal.
consumer continue debt higher interest levels rates second spending term third
Long term interest rates are higher now than they were in the second and third quarters, and debt levels are higher too. Yes, consumer spending will continue to expand, but it will be slower.
interest obviously situation turns
Obviously the situation turns very heavily on interest rates,
bull created interest rates recent rise
The recent rise in interest rates has created some uncertainty about the bull market's longevity.
additional along clear continue difficult economy energy federal higher interest passed pressure prices raise reserve strong
It's very clear that higher energy prices are now being passed along to consumers, and it's not difficult to do that when the economy is as strong as it is. This will put additional pressure on the Federal Reserve to continue to raise short-term interest rates.
basis fed interest market rally rates touch trying
This market is trying to rally. If the Fed reduces interest rates by 50 basis points, it will touch off a rally, but if we get a rally it will be guarded.
behind bond closely connected interest last market rates reason stock
The stock market has been closely connected to the bond market in the last two weeks, and today's stabilizing interest rates is probably the No. 1 reason behind the gains.
interest rates worry
The worry is that the lid, or the cap, on interest rates is now off.
challenge concern interest oil policy present prices rate rise troubling
The rise in oil prices and concern over the Fed's interest rate policy are very troubling to the market. That's going to present a challenge to this rally.
assurance crude interest market prices rates
Something has got to give, ... Crude prices will have to come down or there will have to be some assurance on interest rates before the market will be energized.
adjustment declining earnings entirely four great heading inflation interest rates sea stocks
You know, we had four great years because we had declining inflation and interest rates. There's been a sea change. We now have inflation and interest rates actually heading higher. That makes things entirely different - you can't get away with high-priced earnings or overvalued stocks and so we're going through this adjustment to a new reality.
believe continue convinced earnings fed foot growth interest investors migration rates reduce reflection toward until value
It's a migration toward value as a reflection that investors believe the growth rates of earnings are slowing. It will continue until investors are convinced that the Fed will take its foot off the break, or reduce interest rates.