Stocks slide as chip industry fears, economic uncertainty weigh on markets.
“Some investors are struggling to form a consensus regarding how to interpret recent economic data and the future path of interest rates, leading to short-term trading volatility,” says analyst Michael Farr of Farr, Miller and Washington.
September 6, 2024 | The Washington Post
Dow sinks nearly 900 points in global market selloff
“The fear is coming from the weak jobs numbers that indicate recession, and that the Fed stayed too high for too long,” said Michael Farr of the D.C.-based investment firm Farr, Miller and Washington.
Still, Farr believes Monday’s sell-off could be an overreaction to a few weak economic data points. “I understand that the labor market has been normalizing, but this is feeling like too much shock and awe,” Farr said.
August 5, 2024 | The Washington Post
Here are all the reasons why Monday’s major market wreck is happening
“This is the confluence of a very high market that has been soaring and riding on a lot of sentiment and emotion. For several months now, the momentum trade has been the successful trade,” said Michael Farr, CEO of Farr, Miller & Washington. “While folks make fundamental arguments that give them comfort, everybody in the back of their minds knows stuff doesn’t go up 30% in six months,” he added. “So, when you’re in a period of huge profits, it’s very easy to take profits. It’s a much easier decision to say I want to take my chips and go home here.
Aug 5, 2024 | Yahoo Finance
Experts react to equities sell-off as Nasdaq heads for correction
“I don't think this is the end of the world. It's one month's datum. It has been a trend in a labor market that has been normalizing. So there are these signs and more data to suggest that perhaps, if now it seems like short term fear and a bit of an overreaction by markets
August 2, 2024 | Reuters
Layoffs: Tech's 'year of efficiency' continues as Wall Street cheers on Silicon Valley
“We’ve now graduated from the euphoric ‘land grab’ phase of the artificial intelligence mania and are now in the ‘show me’ phase,” said Michael Farr, chief market strategist for Hightower Advisors, and founder and CEO of Farr, Miller & Washington...
February 8, 2024 | Yahoo Finance
Stocks to march 5.5% higher in 2024, say pros
“The U.S. superior economic growth and business vitality is offset by significantly higher valuations for U.S. stocks,” says Michael K. Farr, president and CEO, Farr, Miller & Washington…
Dec 19, 2023 | Bankrate
Consumer spending set to slow as inflation drags on households
“The spending train has to come to a stop eventually. American consumers depleting their savings will likely bring the economy closer to an inflection point, said Farr. The elasticity of consumer demand will at some point be faced with the inelasticity of the consumer's wallet...
Sept 12, 2023 | Yahoo Finance
Investor Michael Farr: Why Wall Street should not be hoping for rate cuts
“Wall Street is desperate for the Federal Reserve to stop raising rates and begin easing, and Wall Street couldn’t be more wrong....
April 3, 2023 | CNBC
Analysis: Some U.S. banks facing stock rout may need to seek partners
“There’ s value in these banks,they are not all alike,“ said Michael Farr, chief executive of investment advisory firm Farr, Miller & Washington who owns banks stocks including PNC and Trust. “You do your homework and see where real value exists...
March 14, 2023 | Reuters
Analysis: Sticky inflation, weak earnings could hobble U.S. stock surge
“Michael Farr, of Farr, Miller and Washington, said he would be a buyer of individual stocks if they met his criteria, “but certainly wouldn’t be a buyer of the stock market.” “The risk is higher and the potential reward is much lower right now,” Farr said...
Feb 14, 2023 | Reuters
Fed’s Jerome Powell Braces for Longer Inflation Fight Amid Hiring Surge
“The central bank is seeking to slow economic growth to restrain inflation, which has eased recently after hitting a 40-year high last year. “Once again, Jay Powell said, ‘We really, really, really mean it,’” said Michael Farr, chief market strategist at Hightower Advisors...
Feb 7, 2023 | Wall Street Journal
Transport Stocks Are Flashing Bullish Signals for Broader Market
“When the airlines tell you that they’ve got gangbuster demand, that tells you they’re seeing a very strong consumer with disposable dollars for travel,” said Michael Farr, chief executive and founder of investment management firm Farr, Miller & Washington. “That gives you an indication the consumer is going to be spending in other areas of the economy as well...
March 28, 2022 | Wall Street Journal
Stocks Drop, Ending Three-Day Rally
“Guidance in these earnings reports is all-important to Wall Street,” said Michael Farr, CEO of Farr, Miller & Washington LLC. “Companies that have missed earnings estimates have been punished, but they haven’t been as punished as those who say they’re going to miss in the future...
July 22, 2022 | Wall Street Journal
Stock Market Jumps After S&P 500’s Worst Week in Two Years
“Investors will be looking for any inkling as to whether Chair Powell’s commitment to another 0.75 percentage point rate hike is serious,” said Michael Farr, president of Farr, Miller & Washington...
June 21, 2022 | Wall Street Journal
Stocks Reverse Course, Finish Lower on Inflation Data
“The Band-Aid is still coming off slowly,” said Michael Farr, chief executive of investment advisory Farr, Miller & Washington. “According to the Fed, we’re not near the end of this process that everyone wants over...
May 11, 2022 | Wall Street Journal
Dow stages nearly 590-point comeback after worst week since October
“I think it took a weekend’s pause to realize the world wasn’t coming to an end,” said Michael Farr of the D.C.-based investment advisory firm Farr, Miller and…
Jun 21, 2021 | Washington Post
Enjoy this bull market, but investors shouldn’t get complacent
When bull markets last for a number of years, it feels normal to make money. Stock investors smile more, look a little smug at times and believe that they’re p…
May 26, 2021 | CNBC.com
Stock Selloff Accelerates After Powell’s Comments
“The uncertain market got an uncertain message,” said Michael Farr, president of Farr, Miller & Washington. “It was a reiteration of a wait-and-see approac…
Mar 4, 2021 | The Wall Street Journal
The stock market is ending 2020 at record highs, even as the virus surges and millions go hungry
“That a pandemic-induced economic shutdown of epic proportion has been digested with stocks ending the year 15 percent higher is mind-blowing,” said Michael Fa…
Dec 31, 2020 | Washington Post
Michael Farr says Tesla is too risky a bet for most investors
There is no law prohibiting stupidly expensive from becoming moronically expensive. Moreover, speculative companies that actually achieve explosive sales and p…
Dec 27, 2020 | CNBC.com
Survey: Top market experts say stocks likely to continue bull run in 2021
“Monetary stimulus has kept the economy alive, but has been ineffective at sparking even a little inflation,” says Michael K. Farr, CEO of Farr, Miller & Washi…
Dec 22, 2020 | Bankrate
Wall Street wraps up a monster November
“Industrials and value names have started to climb this year as the market strength continued to broaden in the month of November,” said Michael Farr, presiden…
Nov 30, 2020 | Washington Post
