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Visit Success Stories to hear how Zacks research, tools and portfolios help our members outperform the market. In the meantime, yesterday's up move was long overdue.Īnd given how lopsided (to the downside) this year has been, in spite of how strong the economy is, the market feels like its long overdue for several weeks worth of upside, just for starters.Įxecutive Vice President, Zacks Investment Researchĭownload our app for convenient on-the-go access to even more-daily and weekly newsletters published by Zacks experts, proprietary research and tools, and Portfolio Tracker on. Now add that to falling stock prices and rising earnings estimates, and you have valuations at the lowest level in more than 2 years.Īnd after being so grossly oversold (the Dow just notched its 8th weekly loss in a row ? their longest losing streak in 90 years, while the S&P and Nasdaq recorded their 7th weekly loss in a row ? their longest losing streak in 21 years), the market is ripe for a significant bounce.Īnd when it looks like the worst case scenario will not come true (no recession after all), stocks could soar! But outside of that, he sees a "pretty good second half," driven by "strong consumption this year." He qualified his statement saying that could change if there was a "really large shock" to the economy. Louis Fed President, James Bullard, last Friday, said that he does not see a recession this year or next, and sees the economy growing by 2.5% to 3% this year. And the sooner the Fed can tamp down inflation, the better.įed Chair, Jerome Powell, even went on record saying that because the economy is so strong, he believes it will "flourish in the face of less accommodative monetary policy."Īs for recession, St. So much so that some are expecting a recession, hence the protracted sell-off over the last few months.īut as I've mentioned before, the Fed taking action on interest rates is bullish since inflation is the biggest threat to the economy right now. Inflation, and what that means for interest rates, and the war on Ukraine, which is exacerbating high energy prices, continues to worry investors. And they pulled away from last week's lows even more yesterday. Stocks picked up where they left off on Friday after their spectacular turnaround. Goldberger teaches at Chapman University, as well as UCLA Extension-Entertainment Studies & Writers Program.Stocks closed sharply higher yesterday with the Dow, S&P and Nasdaq all up by more than 1.50%. He's also a founding member and guitarist for the stoner/psych/prog band Vitskär Süden. In 20 Goldberger released several experimental ambient albums under the moniker Eulipion Corps. It also screened in the Director's Fortnight Competition at the 2006 Cannes Film Festival.įrom 2011-2014 he was an arts professor at NYU's graduate film program Tisch Asia.
In 2006, his second narrative feature, an adaptation of the Harry Crews novel The Hawk Is Dying (2006) starring Paul Giamatti, Michael Pitt, and Michelle Williams, premiered in competition at the Sundance Film Festival. Goldberger was honored as an Independent Spirit Award nominee for the Movado Someone To Watch Award, recognizing talented up-and-coming directors with a singular vision. His feature film directing debut, Trans, screened at the 1998 Toronto International Film Festival, 1999 Sundance Film Festival, 1999 Berlin International Film Festival (READERS’ JURY PRIZE for BEST FILM), 1999 New Directors/New Films Festival at New York City's Museum of Modern Art, as well as various other international festivals. Julian Goldberger is an independent film director and musician based in Los Angeles.
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