Quotable Insights: Jay Hatfield, CEO & Portfolio Manager in the Media
AUGUST MEDIA HIGHLIGHTS
"Fears of a global recession have attenuated, and that’s why oil has bounced back." ~ Jay Hatfield
Aug 10, 2023 ~ MarketPlace segment by Mitchel Hartman titled
"Uptick in gas prices could threaten consumers’ confidence"
“It’s not optional to have good credit ratings, because they need faith,” said Jay Hatfield, CEO of Infrastructure Capital Advisors, of regional banks. “Any sort of reduction of faith in the regional banking system is really terrible for market sentiment.”
Aug 8, 2023 ~ CNBC Stock Market Today Live Update titled:
"Dow sheds more than 150 points as Moody’s bank downgrade rekindles market selloff: Live updates"
"There is no clear reason for what is known as the “September effect.” But it is typically a month without the type of news that can push stocks higher, such as major corporate earnings", said Jay Hatfield, chief executive officer of Infrastructure Capital Advisors. “The basic theory is that good news almost always comes from the companies, and the bad news comes from random events.” Hatfield said. He pointed to Fitch’s recent downgrade of the U.S. credit rating as an example.
Aug 4, 2023 - Wall Street Journal article by Charles Grant titled
"Stocks Have Had a Great Year. Cue the September Effect.":
JULY MEDIA HIGHLIGHTS
"The main thing is the strengthened oil. We're above $80 a barrel ..., back all the way from the decline that was precipitated by the banking crisis. And that's really the big leader today by far," said Jay Hatfield, CEO of Infrastructure Capital Advisors in New York.
July 31, 2023 ~ Reuters article by Echo Wang titled
"Futures subdued ahead more megacap earnings employment data"
