Looking out even further toward the end of the year, investors might grow optimistic about the end-of-year economic situation, as 2004's strong job growth could be seen as raising the prospects for holiday spending, hence giving the economy momentum as it enters 2005, |
Looking out even further toward the end of the year, investors might grow optimistic about the end-of-year economic situation, as 2004's strong job growth could be seen as raising the prospects for holiday spending, hence giving the economy momentum as it enters 2005. |
not really much of a factor, except to the extent it's delaying the impeachment proceeding. |
One of the key reasons payrolls exceeded the consensus was due to a 31K gain in manufacturing jobs, the first gain in 11 months, ... With more of these high-paying jobs in the mix, average wages were pulled higher. |
One of the key reasons payrolls exceeded the consensus was due to a 31K gain in manufacturing jobs, the first gain in 11 months. With more of these high-paying jobs in the mix, average wages were pulled higher. |
Right now we have to take a step back and say how much further can we go with this news. Where fed funds are now, at 6.5 percent, makes it somewhat difficult for the (bond) market to trade higher or lower in yield. |
Rubin said that it is too early to talk about a Brazil rescue plan, |
Since rates have bottomed out, we are going to see fewer [mortgage] prepayments in the near term, |
Since rates have bottomed out, we are going to see fewer [mortgage] prepayments in the near term. |
That makes it more likely we will need to have repeated hikes, because the economy won't succumb to a small handful of hikes. |
That was the key, ... All of those numbers were bearish for the market. |
That was the key. All of those numbers were bearish for the market. |
The basis for a rally in bonds has gotten smaller. |
The bond market expects the stock market to fall very hard ... people are trading scared. |
The burden of proof is on the bears right now. |