The momentum (for durable goods) still continues to be pretty robust, |
The numbers confirm the perspective that the market has already priced in -- that the Fed will move to a neutral directive at its meeting next week, |
The price of oil is going to be the overwhelming factor in how concerned people are about the economy in the short term and about the strength of consumer spending. |
These numbers are looking backwards. |
What I fear is that these numbers are not telling us everything, ... The worst news on the jobs front is yet to come in the next six months, which I think is still going to give room for the Fed to ease. |