These are not investments for the grandma and grandpa set, |
Things that would ordinarily move the market are having only minimal impact, ... People are really just looking ahead to Friday's employment report. |
This is a positive for corporate balance sheets, ... They're able to restructure higher-yielding debt for debt at levels that we haven't seen in 45 years. |
We got some good news from core inflation but it's perceived to be temporary, so we're back to focusing on the risks of inflation and Fed tightening again, |
We really have given up a lot in price and gained a lot in yield, |
We've experienced a significant decline in the market over the past number of days, and I don't think people are going to be willing to commit to buy it ahead of the payrolls report, |
While the strength in this report would normally point toward continued Fed tightening, the Fed will most likely put a heavier weight on post-Katrina data, retail sales, jobs created and lost, consumer confidence, |
With the Fed expected to go another 25 basis points on Wednesday and still-tame inflation reports, we are just seeing more of the same flattening trend, |